Branch / Division is a group defined under
1.Liabilities
2.Assets
3.Income
4.Expenditure
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By which option Purchase or Sales register can be viewed
1.Statutory Books
2.Inventory Books
3.Accounts Books
4.Display
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Collection of ledgers of same nature is called
1.Vouchers
2.Asset
3.Group
4.None of these
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Income tax number of the company will appear in which report
1.Cash/bank book
2.Profit and loss a/c
3.Reminder letter
4.None of these
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Rs.20000 withdrawn from State Bank. In which voucher type this transaction will be recorded
1.Payment
2.Receipt
3.Contra
4.Post-Dated
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Salary Account comes under which head
1.Indirect Incomes
2.Indirect Expenses
3.Direct Incomes
4.Direct Expenses
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Transfer from main cash to petty cash you require to pass ________
1.Voucher
2.Payment
3.Contra
4.Receipt
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Where do we record interest received commission received or rent received in Tally
1.Contra
2.Payment
3.Receipt
4.Journal
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Which step is followed to view Purchase Register
1.Gateway of Tally > Display > Sales Register
2.Gateway of Tally > Account Books > Sales Register
3.Gateway of Tally > Display > Account Books > Purchase Register
4.None of these
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A trial balance is prepared
1.To prepare pl a/c
2.To test the arithmetical accuracy
3.For making adjustments
4.To balance the a/c
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Alias represents
1.Short name
2.Nick name
3.Code name
4.All of these
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BOM represents
1.Billing of Machines
2.Bill of Materials
3.Bill of Maintenance
4.None of these
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By default which mode is on in Purchase and Sales voucher
1.Normal Mode
2.Item Invoice Mode
3.Particulars Mode
4.None of these
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Capital is treated as liability because of
1.Dual aspect concept
2.Money measurement concept
3.Matching concept
4.Entity concept
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Company Restore option is available in
1.Company Features
2.Company Information
3.Configuration
4.None of these
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Drawings account is to be created by linking with Current liability
1.Capital
2.Current asset
3.Current liability
4.Drawings
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eTCS means
1.Enable Tax Collected at Source
2.Electronic Tax Collected at Source
3.Electric Tax Collected at Source
4.None of these
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Goods returning to a Creditor after challan but before bill we need to pass
1.Debit Note
2.Receipt Note
3.Rejection Out
4.Rejection In
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How many inbuilt Accounts group are in tally by default
1.29
2.31
3.25
4.34
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How many options related to Company Features are there in F11: Features in Tally
1.3
2.2
3.4
4.5
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How many types of Measurement Units we can create in Tally
1.2
2.3
3.5
4.Unlimited
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How many voucher types are readily available in Tally
1.18
2.16
3.20
4.28
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If we purchase any fixed asset in credit we can pass it from
1.Payment mode
2.Receipt mode
3.Purchase mode
4.Contra mode
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In Tally there are ________ predefined ledgers.
1.One
2.Two
3.Three
4.Four
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Integrated accounts with inventory is available in
1.F12 configuration
2.F11 features
3.Inventory info
4.Accounts info
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Manufacturing Journal creates based on
1.Journal
2.Receipt Note
3.Stock Journal
4.Purchase Quotation
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Patent account falls under
1.Investments
2.Liabilities
3.Current assets
4.None of these
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Predefined groups are also called as
1.Main group
2.Primary group
3.Statutory group
4.Parent group
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Reversing journal is a
1.Conventional Voucher
2.Unconventional Voucher
3.Both (a) and (b)
4.None of these
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Single Entry mode is applicable for
1.Receipt Voucher
2.Contra Voucher
3.Payment Voucher
4.All of these
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Suspense Account Group is defined under
1.Income
2.Expenditure
3.Liabilities
4.Assets
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The option statutory compliance for� is appearing in
1.Company creation screen
2.GST classification screen
3.F11 Statutory Taxation features
4.Account creation screen
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The options use common narration� and narration each entry appear
1.Account creation screen
2.Voucher entry screen
3.F11 Accounting features
4.Voucher type creation screen
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To activate Job Costing which options require to be activated
1.Maintain Cost Centre
2.Use Cost Centre for Job Costing
3.Both a b
4.None of these
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To create Manufacturing Journal which option must be activated
1.Use Common Narration
2.Narrations for each entry
3.Prefilled with Zero
4.Use as manufacturing Journal
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To get Payroll Reports choose
1.Gateway of Tally > Display
2.Gateway of Tally > Display > Statement of Accounts
3.Gateway of Tally > Display > Statement of Payroll
4.Gateway of Tally > Display > Payroll Reports
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To hide the name of the Company you need to define
1.Security Control
2.Tally Audit
3.Create at least one User
4.Tally Vault Password
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Transactions are firstly entered in:
1.Journal
2.Ledger
3.Trial balance
4.None of these
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We can change the Company Information from
1.A Company Info > Back up
2.Company Info > Alter
3.Company Info > Split Company Data
4.None of these
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We can see list of Memorandum Vouchers from
1.Cash/Bank Books
2.Exception Reports
3.Accounts Books
4.Trail Balance
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We can see Working Capital figure changing
1.Voucher configuration
2.Profit Loss configuration
3.Balance Sheet configuration
4.Ledger configuration
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We can show Bill wise details of Debtors and Creditors by activating
1.Maintain Bill by bill
2.Maintain Bill wise Details
3.Maintain References
4.None of these
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What is the utility of Tally Vault Password
1.It will lock the period of Company
2.It will lock all voucher entries for that Company
3.It will not show the Company Name in the Company Select List
4.None of these
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Where do we record cash sales in Tally
1.Contra
2.Receipt
3.Payment
4.Journal
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Where do we record credit purchase of furniture in Tally
1.Purchase
2.Receipt
3.Receipt
4.Payment
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Where do we record purchase return sales return depreciation bad debts etc.in Tally
1.Journal
2.Payment
3.Contra
4.Receipt
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Where do we record transactions of salary rent or interest paid
1.Contra
2.Journal
3.Receipt
4.Payment
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Which menu is used to create new ledgers groups and voucher types in Tally
1.Reports
2.Import
3.Transactions
4.Masters
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Which of the following equation is true for balance sheet
1.Assets = Liabilities + Capital
2.Liabilities = Assets + Capital
3.Capital = Assets + Liabilities
4.All of these
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Which of the following is not a disadvantage of introducing computerized accounting system
1.Possible demotivation through reundance
2.High expenditure on set up
3.Saving made on labour cost
4.Required staff training
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Which of the following is not compulsory to create while entry in Accounts with Inventory
1.Stock Groups
2.Stock Items
3.Stock Categories
4.Units of Measure
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Which option is used to make changes in created Groups of Ledgers in Tally
1.Create
2.Display
3.Alter
4.Change
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Which option is used to move from one company to another when more than one companies are open
1.Company Info
2.Shut Company
3.Select Company
4.Company
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Which option is used to view Stock Items or Group Summary
1.Accounts Books
2.Inventory Books
3.Statutory Books
4.Display
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Which option is used to view Trial Balance from Gateway of Tally?
1.Gateway of Tally > Reports > Trial Balance
2.Gateway of Tally > Trial Balance
3.Gateway of Tally > Display > Trial Balance
4.None of these
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Which submenu is used for voucher entry in Tally
1.Vouchers
2.Accounting Vouchers
3.Accounts Info
4.None of these
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Which submenu is used to create new ledgers groups and voucher types in Tally
1.Account Info
2.Inventory Info
3.Accounting Vouchers
4.Inventory Vouchers
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Which unit is created for stock items like grain pulse sugar oil ghee etc.
1.Lts
2.Nos
3.Kgs
4.Box
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___ is an example for long term liabilities
1.Creditors
2.Debentures
3.Overdraft
4.Bills payable
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_____ are the liabilities which are payable after a long period
1.Fixed liabilities
2.Miscellaneous expenditure
3.Current liabilities
4.Contingent liabilities
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