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
Posted Date:-2021-12-28 18:09:43
Bank account is ________
1.Personal account
2.Real account
3.Nominal account
4.Intangible real account
Posted Date:-2021-12-28 18:09:43
For stock journal entry we press ________ in tally
1.F7
2.Alt + F7
3.F10
4.F11
Posted Date:-2021-12-28 18:09:43
In tally screen right extreme displays ________
1.Selected companies
2.Current date
3.Gate way of tally
4.Button bar
Posted Date:-2021-12-28 18:09:43
Income earned but not received is known as ________
1.Advance income
2.Proposed income
3.Earned income
4.Accrued income
Posted Date:-2021-12-28 18:09:43
Loans from individual comes under ________ group
1.Fixed liabilities
2.Loans and advances
3.Current liabilities
4.Capital
Posted Date:-2021-12-28 18:09:43
Taxes paid come under which group
1.Capital
2.Loans and liabilities
3.Direct expenses
4.Duties and taxes
Posted Date:-2021-12-28 18:09:43
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
Posted Date:-2021-12-28 18:09:43
The voucher type for recording goods received
1.Rejection in
2.Receipt note
3.Purchase order
4.Stock voucher
Posted Date:-2021-12-28 18:09:43
To change Current Date from Gateway of Tally press the key
1.F1
2.F5
3.F2
4.F9
Posted Date:-2021-12-28 18:09:43
To change the date shortcut used
1.Alt + F2
2.Alt + F3
3.F2
4.F1
Posted Date:-2021-12-28 18:09:43
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
Posted Date:-2021-12-28 18:09:43
We can repeat narration by pressing
1.Shift + R
2.Alt + R
3.Ctrl + R
4.Alt + Shift + R
Posted Date:-2021-12-28 18:09:43
We can switch from Accounting Voucher to Inventory Voucher pressing
1.F2
2.Alt +F1
3.Ctrl + F1
4.F11
Posted Date:-2021-12-28 18:09:43
Which of the following is the example of external users of accounting information
1.Government
2.Owners
3.Management
4.Employee
Posted Date:-2021-12-28 18:09:43
Which shortcut key(s) are used to display list of inventory reports within balance sheet
1.F8
2.F9
3.F10
4.F11
Posted Date:-2021-12-28 18:09:43
_____ is an example for tangible assets
1.Furniture
2.Debtors
3.Patent
4.Discount on issue of shares and debentures
Posted Date:-2021-12-28 18:09:43
_______ is the major source of revenue of any business
1.Investment
2.Advances
3.Loan
4.Sales
Posted Date:-2021-12-28 18:09:43
A ledger may get declaration space for its Alias through
1.F12
2.F11
3.Alt + F1
4.Alt + F2
Posted Date:-2021-12-28 18:09:43
A person who owes money to the business is a ________
1.Debtor
2.Creditor
3.Investor
4.Supplier
Posted Date:-2021-12-28 18:09:43
A ______ is sent to a customer when he returns the goods
1.Debit note
2.Credit note
3.Proforma invoice
4.Bill
Posted Date:-2021-12-28 18:09:43
Accounting principles are divided into two types. These are
1.Accounting concepts
2.Accounting conventions
3.Accounting standard
4.Both A and B
Posted Date:-2021-12-28 18:09:43
Accrued income comes under
1.Current liability
2.Capital
3.Current asset
4.Fixed asset
Posted Date:-2021-12-28 18:09:43
Adjustment entries can be entered in
1.Contra voucher
2.Journal voucher
3.Sales voucher
4.Purchase voucher
Posted Date:-2021-12-28 18:09:43
An account that the user need not create is
1.Cash at bank
2.Sundry creditors
3.Cash in hand
4.Balance sheet
Posted Date:-2021-12-28 18:09:43
Assets acquired for long term use in the business are called ________
1.Fixed assets
2.Current assets
3.Fictitious assets
4.Liquid asset
Posted Date:-2021-12-28 18:09:43
Bottom of tally screen shows
1.Button bar
2.List of vouchers
3.List of companies
4.Calculator
Posted Date:-2021-12-28 18:09:43
Capital of the company is included under
1.Capital account
2.Fixed liabilities
3.Loans and advances
4.Current liabilities
Posted Date:-2021-12-28 18:09:43
Carriage inwards can be included in
1.Direct expenses I
2.ndirect expenses
3.Current liability
4.Misc Expenses
Posted Date:-2021-12-28 18:09:43
Changes in accounts are possible only in
1.Display mode
2.Alteration mode
3.Single mode
4.Multiple mode
Posted Date:-2021-12-28 18:09:43
Closing stock come under ________
1.Current asset
2.Fixed asset
3.Stock in hand
4.Direct income
Posted Date:-2021-12-28 18:09:43
Credit note is used for entering
1.Purchases
2.Sales
3.Purchase return
4.Sales return
Posted Date:-2021-12-28 18:09:43
Debit note is used for entering
1.Purchases
2.Sales
3.Purchase return
4.Sales return
Posted Date:-2021-12-28 18:09:43
E-mail can be used to
1.Send mail directly from tally screen
2.To send e-mail
3.Download information
4.Access help
Posted Date:-2021-12-28 18:09:43
F12 is known as
1.Company Features
2.Company Configuration
3.Accounting Features
4.None of these
Posted Date:-2021-12-28 18:09:43
For entries involving both cash and bank transactions we use ________ voucher
1.Contra voucher
2.Journal
3.Sales
4.Purchase
Posted Date:-2021-12-28 18:09:43
For entries not involving either cash or bank transactions we use ________ voucher
1.Contra voucher
2.Journal
3.Sales
4.Purchase
Posted Date:-2021-12-28 18:09:43
Multiple Godowns are activated from
1.F11
2.F11 > F1
3.F11 > F2
4.F11 > F3
Posted Date:-2021-12-28 18:09:43
Online voucher creation from Day Book report by pressing
1.Ctrl + A
2.Shift + A
3.Alt + A
4.None of these
Posted Date:-2021-12-28 18:09:43
Payroll Auto fill is done through
1.Ctrl + A
2.Alt + A
3.Ctrl + B
4.Alt + B
Posted Date:-2021-12-28 18:09:43
Reserve group accounts in tally is
1.28
2.30
3.18
4.15
Posted Date:-2021-12-28 18:09:43
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
Posted Date:-2021-12-28 18:09:43
The process of ascertaining the balance of a particular account on a given date is
1.Posting
2.Journalizing
3.Balancing
4.Accounting
Posted Date:-2021-12-28 18:09:43
The shortcut key to quit from Tally is
1.Ctrl + L
2.Ctrl + P
3.Ctrl + M
4.Ctrl + Q
Posted Date:-2021-12-28 18:09:43
The shortcut used for Sales Order is
1.Alt + F4
2.Alt + F5
3.Alt + F7
4.Alt + F8
Posted Date:-2021-12-28 18:09:43
The shortcut used to activate calculator is
1.Ctrl + N
2.Ctrl + M
3.Ctrl + A
4.Ctrl + B
Posted Date:-2021-12-28 18:09:43
The term current assets does not include ________
1.Debtors
2.Bills Receivable
3.Stock
4.Goodwill
Posted Date:-2021-12-28 18:09:43
There are ________ predefined ledgers
1.One
2.Three
3.Two
4.Four
Posted Date:-2021-12-28 18:09:43
To activate cost centre and cost category feature we have to select
1.Configuration
2.F11 features
3.Group creation
4.Voucher creation
Posted Date:-2021-12-28 18:09:43
To activate MRP feature from Gateway of Tally initially we need to press
1.F11
2.F12
3.F10
4.Alt + F1
Posted Date:-2021-12-28 18:09:43
To create a sales voucher in tally you have to press _______
1.F5
2.F7
3.F8
4.F9
Posted Date:-2021-12-28 18:09:43
To create Purchase Order press
1.Alt + F4
2.Ctrl + F4
3.F4
4.None of these
Posted Date:-2021-12-28 18:09:43
To declare a voucher as Post Dated press
1.Ctrl + T
2.Alt + T
3.Ctrl + P
4.Ctrl + D
Posted Date:-2021-12-28 18:09:43
To print a voucher from Tally we need to press
1.Ctrl + P
2.Shift + P
3.Alt + P
4.Ctrl + Alt + P
Posted Date:-2021-12-28 18:09:43
We can cancel a voucher using
1.Alt + X
2.Ctrl + X
3.Shift + X
4.Ctrl + Shift + X
Posted Date:-2021-12-28 18:09:43
Which account is the odd one
1.Furniture
2.Land and buildings
3.Stock of raw materials
4.Plant and machinery
Posted Date:-2021-12-28 18:09:43
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 18:09:43
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
Posted Date:-2021-12-28 18:09:43
Which option is used to exit Tally
1.Exit
2.Close
3.Quit
4.Shut Company
Posted Date:-2021-12-28 18:09:43
Which Shortcut key is pressed to create a new company in Tally
1.F3
2.Alt + F3
3.F2
4.Alt + F2
Posted Date:-2021-12-28 18:09:43
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
Posted Date:-2021-12-28 18:09:43
Which Shortcut key is pressed to view features in Tally
1.F10
2.F11
3.Alt + F11
4.F12
Posted Date:-2021-12-28 18:09:43
Which shortcut key is used to change current period in Tally
1.F2
2.Alt + F2
3.F3
4.Alt + F3
Posted Date:-2021-12-28 18:09:43
Which shortcut key is used to view configure in Tally
1.F10
2.F11
3.F12
4.Alt + F9
Posted Date:-2021-12-28 18:09:43
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 18:09:43
_____ refers the amount invested by the owner into business
1.Loan
2.Advance
3.Capital
4.Prepaid expenses
Posted Date:-2021-12-28 18:09:43
_______ is the book of original entry
1.Journal
2.Voucher
3.Invoices
4.Ledger
Posted Date:-2021-12-28 18:09:43
_______ is the collection of all accounts
1.Journal
2.Voucher
3.Invoices
4.Ledger
Posted Date:-2021-12-28 18:09:43
_______ 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
Posted Date:-2021-12-28 18:09:43
________ button helps to connect data from spread sheet or other application
1.E-mail
2.Help
3.Export
4.Browser
Posted Date:-2021-12-28 18:09:43