Computerized Accounting With Tally Set 5

Bachelor of Commerce in Computer Application (B.Com Computer Application)

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This set of Computerized Accounting with Tally Multiple Choice Questions & Answers (MCQs) focuses on Computerized Accounting With Tally Set 5

Q1 | in general the financial year from shall be from
  • 1st April of any year
  • 31st March of any year
  • All of them are true
  • None of these
Answer: 1st April of any year
Q2 | We can modify an existing Company from
  • Company Info > Alter
  • Company Info > Alter Company
  • Gateway of Tally > Modify Company
  • None of these
Answer: Company Info > Alter
Q3 | To change Current Date from Gateway of Tally press the key
  • F1
  • F5
  • F2
  • F9
Answer: F2
Q4 | Party account can be created through
  • Group creation window
  • Ledger creation window
  • Inventory creation window
  • Any one of them
Answer: Ledger creation window
Q5 | A ledger may get declaration space for its Alias through
  • F12
  • F11
  • Alt + F1
  • Alt + F2
Answer: F12
Q6 | F12 is known as
  • Company Features
  • Company Configuration
  • Accounting Features
  • None of these
Answer: Company Configuration
Q7 | What is the utility of Tally Vault Password?
  • It will lock the period of Company
  • It will lock all voucher entries for that Company
  • It will not show the Company Name in the Company Select List.
  • None of these
Answer: It will not show the Company Name in the Company Select List.
Q8 | We can show Bill wise details of Debtors and Creditors by activating
  • Bill by bill
  • Maintain Bill wise Details
  • Maintain References
  • None of these
Answer: Maintain Bill wise Details
Q9 | The shortcut key to quit from Tally is
  • Ctrl + L
  • Ctrl + P
  • Ctrl + M
  • Ctrl+Q
Answer: Ctrl+Q
Q10 | How many inbuilt Accounts group are in tally by default?
  • 29
  • 31
  • 25
  • 34
Answer: 31
Q11 | The shortcut used to activate calculator is
  • Ctrl + N
  • Ctrl + M
  • Ctrl + A
  • Ctrl + B
Answer: Ctrl + N
Q12 | Suspense Account Group is defined under
  • Income
  • Expenditure
  • Liabilities
  • Assets
Answer: Liabilities
Q13 | To activate MRP feature from Gateway of Tally initially we need to press
  • F11
  • F12
  • F10
  • Alt + F1
Answer: F12
Q14 | MRP formula for inclusive of vat is
  • {Vat %*( MRP * QTY)}/100
  • (100*rate of vat)/(100+rateof vat)
  • Both a & b
  • None of these
Answer: Both a & b
Q15 | Manufacturing Journal creates based on
  • Journal
  • Receipt Note
  • Stock Journal
  • Purchase Quotation
Answer: Stock Journal
Q16 | To create Manufacturing Journal which option must be activated
  • Use Common Narration
  • Narrations for each entry
  • Prefilled with Zero
  • Use as manufacturing Journal
Answer: Use as manufacturing Journal
Q17 | How many types of Measurement Units we can create in Tally?
  • 2
  • 3
  • 5
  • Unlimited
Answer: 2
Q18 | To activate Job Costing which options require to be activated?
  • Maintain Cost Centre
  • Use Cost Centre for Job Costing
  • Both a & b
  • None of these
Answer: Both a & b
Q19 | Multiple Godowns are activated from
  • F11
  • F11 > F1
  • F11 > F2
  • F11 > F3
Answer: F11 > F2
Q20 | In Tally, there are _________ predefined ledgers
  • One
  • Three
  • Two
  • Four
Answer: Two
Q21 | We can see list of Memorandum Vouchers from
  • Cash/Bank Books
  • Exception Reports
  • Accounts Books
  • Trail Balance
Answer: Exception Reports
Q22 | To print a voucher from Tally we need to press
  • Ctrl + P
  • Shift + P
  • Alt + P
  • Ctrl + Alt + P
Answer: Alt + P
Q23 | We can see Working Capital figure changing
  • Voucher configuration
  • Profit & Loss configuration
  • Balance Sheet configuration
  • Ledger configuration
Answer: Balance Sheet configuration
Q24 | Input Vat Ledger is created under which account?
  • Duties & Taxes
  • Sales
  • Sales Return
  • None of these
Answer: Duties & Taxes
Q25 | We can create multiple users in Tally activating
  • Tally Audit
  • Use Security Control
  • Both (a) and (b)
  • None of these
Answer: Use Security Control
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