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This set of Computerized Accounting with Tally Multiple Choice Questions & Answers (MCQs) focuses on Computerized Accounting With Tally Set 6

Q1 | “Allow components list details (Bill of Materials)” option is activated for
  • Ledgers
  • Cost Category
  • Stock Items
  • Budgets
Q2 | Retained Earnings is an alias of
  • Indirect Income
  • Reserve and Surplus
  • Capital Account
  • Investments
Q3 | We can repeat narration by pressing
  • Shift + R
  • Alt + R
  • Ctrl +
  • Alt + Shift + R
Q4 | What is MRP?
  • Market Price
  • Maximum Retail Price
  • Marginal Price
  • Minimum Retail Price
Q5 | We can use Stock Journal for
  • Production and Consumption
  • Inter Godown transfer for stock
  • Both (a) and (b)
  • None of these
Q6 | Discount Column is available in
  • Sales Invoice
  • Purchase Invoice
  • Both (a) and (b)
  • None of these
Q7 | We can get the report of Interest from
  • Account Books
  • Cash and Fund flow
  • Inventory Books
  • Statements of Accounts
Q8 | We can cancel a voucher using
  • Alt + X
  • Ctrl + X
  • Shift + X
  • Ctrl + Shift + X
Q9 | To see reports of Job Work Analysis
  • Display-Statement of a/cs
  • Display-Statement of a/cs-Job Work Analysis
  • Display-Statement of a/cs-Cost Centre-Job work
  • None of these
Q10 | for reconciliation of Bank press
  • F12
  • F10
  • F5
  • F6
Q11 | To create Scenario which option requires to be activated?
  • Use Rev Journal & Optional voucher in F12
  • Use Optional voucher in F11
  • Use Reversing voucher in F11
  • Use Rev journal & Optional voucher in F11
Q12 | Optional Voucher is one type of
  • Conventional Voucher
  • Unconventional Voucher
  • Both (a) & (b)
  • None of these
Q13 | TDS deduction entry can be made through
  • Payment Voucher
  • Journal Voucher
  • Receipt Voucher
  • All of these
Q14 | To create Purchase Order press
  • Alt + F4
  • Ctrl + F4
  • F4
  • None of these
Q15 | List of Optional Voucher we can get from
  • Cash Bank Books
  • Exceptional Reports
  • Accounts Books
  • Balance Sheet
Q16 | Input Vat Credit on Capital goods should be defined under
  • Capital Account
  • Current Liabilities
  • Duties & Taxes
  • Misc. Expenses (Assets)
Q17 | Single Entry mode is applicable for
  • Receipt Voucher
  • Contra Voucher
  • Payment Voucher
  • All of these
Q18 | Online voucher creation from Day Book report by pressing
  • Ctrl + A
  • Shift + A
  • Alt + A
  • None of these
Q19 | Reversing journal is a
  • Conventional Voucher
  • Unconventional Voucher
  • Both (a) and (b)
  • None of these
Q20 | To hide the name of the Company you need to define
  • Security Control
  • Tally Audit
  • Create at least one User
  • Tally Vault Password
Q21 | To declare a voucher as Post Dated press
  • Ctrl + T
  • Alt + T
  • Ctrl + P
  • Ctrl + D
Q22 | We can switch from Accounting Voucher to Inventory Voucher pressing
  • F2
  • Alt +F1
  • Ctrl + F1
  • F11
Q23 | Goods returning to a Creditor after challan but before bill we need to pass
  • Debit Note
  • Receipt Note
  • Rejection Out
  • Rejection In
Q24 | Branch / Division is a group defined under
  • Liabilities
  • Assets
  • Income
  • Expenditure
Q25 | To use Dr/Cr instead of To/By during Voucher entry or vice versa, Press
  • F10
  • F12
  • F11
  • None of these