_____ is an example for tangible assets
1.Furniture
2.Debtors
3.Patent
4.Discount on issue of shares and debentures
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_______ is the major source of revenue of any business
1.Investment
2.Advances
3.Loan
4.Sales
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A ______ is sent to the seller when he is taken back the sold goods
1.Debit note
2.Credit note
3.Proforma invoice
4.Bill
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Bank account is ________
1.Personal account
2.Real account
3.Nominal account
4.Intangible real account
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For stock journal entry we press ________ in tally
1.F7
2.Alt + F7
3.F10
4.F11
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In tally screen right extreme displays ________
1.Selected companies
2.Current date
3.Gate way of tally
4.Button bar
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Income earned but not received is known as ________
1.Advance income
2.Proposed income
3.Earned income
4.Accrued income
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Loans from individual comes under ________ group
1.Fixed liabilities
2.Loans and advances
3.Current liabilities
4.Capital
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Taxes paid come under which group
1.Capital
2.Loans and liabilities
3.Direct expenses
4.Duties and taxes
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The left hand side of tally screen shows
1.Current date
2.Last entered voucher
3.Gate way of tally
4.List of selected companies
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The voucher type for recording goods received
1.Rejection in
2.Receipt note
3.Purchase order
4.Stock voucher
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To change Current Date from Gateway of Tally press the key
1.F1
2.F5
3.F2
4.F9
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To change the date shortcut used
1.Alt + F2
2.Alt + F3
3.F2
4.F1
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To use Dr/Cr instead of To/By during Voucher entry or vice versa Press
1.F10
2.F12
3.F11
4.None of these
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We can repeat narration by pressing
1.Shift + R
2.Alt + R
3.Ctrl + R
4.Alt + Shift + R
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We can switch from Accounting Voucher to Inventory Voucher pressing
1.F2
2.Alt +F1
3.Ctrl + F1
4.F11
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Which of the following is the example of external users of accounting information
1.Government
2.Owners
3.Management
4.Employee
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Which shortcut key(s) are used to display list of inventory reports within balance sheet
1.F8
2.F9
3.F10
4.F11
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_____ refers the amount invested by the owner into business
1.Loan
2.Advance
3.Capital
4.Prepaid expenses
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_______ is the book of original entry
1.Journal
2.Voucher
3.Invoices
4.Ledger
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_______ is the collection of all accounts
1.Journal
2.Voucher
3.Invoices
4.Ledger
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_______ is the expense which is unpaid at the end of the accounting period
1.Outstanding expenses
2.Prepaid expenses
3.Proposed expenses
4.Working capital
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________ button helps to connect data from spread sheet or other application
1.E-mail
2.Help
3.Export
4.Browser
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A ______ is sent to a customer when he returns the goods
1.Debit note
2.Credit note
3.Proforma invoice
4.Bill
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A ledger may get declaration space for its Alias through
1.F12
2.F11
3.Alt + F1
4.Alt + F2
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A person who owes money to the business is a ________
1.Debtor
2.Creditor
3.Investor
4.Supplier
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Accounting principles are divided into two types. These are
1.Accounting concepts
2.Accounting conventions
3.Accounting standard
4.Both A and B
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Accrued income comes under
1.Current liability
2.Capital
3.Current asset
4.Fixed asset
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Adjustment entries can be entered in
1.Contra voucher
2.Journal voucher
3.Sales voucher
4.Purchase voucher
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An account that the user need not create is
1.Cash at bank
2.Sundry creditors
3.Cash in hand
4.Balance sheet
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Assets acquired for long term use in the business are called ________
1.Fixed assets
2.Current assets
3.Fictitious assets
4.Liquid asset
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Bottom of tally screen shows
1.Button bar
2.List of vouchers
3.List of companies
4.Calculator
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Capital of the company is included under
1.Capital account
2.Fixed liabilities
3.Loans and advances
4.Current liabilities
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Carriage inwards can be included in
1.Direct expenses I
2.ndirect expenses
3.Current liability
4.Misc Expenses
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Changes in accounts are possible only in
1.Display mode
2.Alteration mode
3.Single mode
4.Multiple mode
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Closing stock come under ________
1.Current asset
2.Fixed asset
3.Stock in hand
4.Direct income
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Credit note is used for entering
1.Purchases
2.Sales
3.Purchase return
4.Sales return
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Debit note is used for entering
1.Purchases
2.Sales
3.Purchase return
4.Sales return
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E-mail can be used to
1.Send mail directly from tally screen
2.To send e-mail
3.Download information
4.Access help
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F12 is known as
1.Company Features
2.Company Configuration
3.Accounting Features
4.None of these
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For entries involving both cash and bank transactions we use ________ voucher
1.Contra voucher
2.Journal
3.Sales
4.Purchase
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For entries not involving either cash or bank transactions we use ________ voucher
1.Contra voucher
2.Journal
3.Sales
4.Purchase
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Multiple Godowns are activated from
1.F11
2.F11 > F1
3.F11 > F2
4.F11 > F3
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Online voucher creation from Day Book report by pressing
1.Ctrl + A
2.Shift + A
3.Alt + A
4.None of these
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Payroll Auto fill is done through
1.Ctrl + A
2.Alt + A
3.Ctrl + B
4.Alt + B
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Reserve group accounts in tally is
1.28
2.30
3.18
4.15
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The branch of accounting which analyses and interprets the overall data is ________
1.Financial accounting
2.Cost accounting
3.Management accounting
4.None of these
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The process of ascertaining the balance of a particular account on a given date is
1.Posting
2.Journalizing
3.Balancing
4.Accounting
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The shortcut key to quit from Tally is
1.Ctrl + L
2.Ctrl + P
3.Ctrl + M
4.Ctrl + Q
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The shortcut used for Sales Order is
1.Alt + F4
2.Alt + F5
3.Alt + F7
4.Alt + F8
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The shortcut used to activate calculator is
1.Ctrl + N
2.Ctrl + M
3.Ctrl + A
4.Ctrl + B
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The term current assets does not include ________
1.Debtors
2.Bills Receivable
3.Stock
4.Goodwill
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There are ________ predefined ledgers
1.One
2.Three
3.Two
4.Four
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To activate cost centre and cost category feature we have to select
1.Configuration
2.F11 features
3.Group creation
4.Voucher creation
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To activate MRP feature from Gateway of Tally initially we need to press
1.F11
2.F12
3.F10
4.Alt + F1
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To create a sales voucher in tally you have to press _______
1.F5
2.F7
3.F8
4.F9
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To create Purchase Order press
1.Alt + F4
2.Ctrl + F4
3.F4
4.None of these
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To declare a voucher as Post Dated press
1.Ctrl + T
2.Alt + T
3.Ctrl + P
4.Ctrl + D
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To print a voucher from Tally we need to press
1.Ctrl + P
2.Shift + P
3.Alt + P
4.Ctrl + Alt + P
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We can cancel a voucher using
1.Alt + X
2.Ctrl + X
3.Shift + X
4.Ctrl + Shift + X
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Which account is the odd one
1.Furniture
2.Land and buildings
3.Stock of raw materials
4.Plant and machinery
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Which key is pressed to go to Gateway of Tally from company Info. menu
1.Ctrl
2.Alt
3.Esc
4.Enter
Posted Date:-2021-12-28 11:09:43
Which of the following is not a transaction Goods are purchased on cash basis for Rs 1000
1.Goods are purchased on cash basis for Rs 1000
2.Salaries paid for the month of May 20XX
3.Land is purchased for Rs 10 lakhs
4.An employee is dismissed from the job
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Which option is used to exit Tally
1.Exit
2.Close
3.Quit
4.Shut Company
Posted Date:-2021-12-28 11:09:43
Which Shortcut key is pressed to create a new company in Tally
1.F3
2.Alt + F3
3.F2
4.Alt + F2
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Which shortcut key is pressed to go to company Info. menu from Gateway of Tally
1.Alt+F4
2.Alt+f2
3.Alt+F1
4.Alt+F3
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Which Shortcut key is pressed to view features in Tally
1.F10
2.F11
3.Alt + F11
4.F12
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Which shortcut key is used to change current period in Tally
1.F2
2.Alt + F2
3.F3
4.Alt + F3
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Which shortcut key is used to view configure in Tally
1.F10
2.F11
3.F12
4.Alt + F9
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Which shortcut key(s) are used to enter a stock journal in tally
1.F7
2.Ctrl + F7
3.Alt + F7
4.Shift + F7
Posted Date:-2021-12-28 11:09:43