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This set of Computerized Accounting with Tally Multiple Choice Questions & Answers (MCQs) focuses on Computerized Accounting With Tally Set 7

Q1 | ETCS means
  • Enable Tax Collected at Source
  • Electronic Tax Collected at Source
  • Electric Tax Collected at Source
  • None of these
Q2 | What is TAN?
  • Tax Account Number
  • Tax Assessment Number
  • Tax Assignment Number
  • None of these
Q3 | To get Payroll Reports choose
  • Gateway of Tally > Display
  • Gateway of Tally > Display > Statement of Accounts
  • Gateway of Tally > Display > Statement of Payroll
  • Gateway of Tally > Display > Payroll Reports
Q4 | How can we see Vat Reports?
  • Gateway of Tally > Display
  • Gateway of Tally > Vat Reports
  • Gateway of Tally > Display > Statutory Info
  • Gateway of Tally > Display> Statutory Reports
Q5 | BOM represents
  • Billing of Machines
  • Bill of Materials
  • Bill of Maintenance
  • None of these
Q6 | Alias" represents
  • Short name
  • Nick name
  • Code name
  • All of these
Q7 | To change the date, shortcut used
  • Alt+F2
  • Alt+F3
  • F2
  • F1
Q8 | If we purchase any fixed asset in credit, we can pass it from
  • Payment mode
  • Receipt mode
  • Journal mode
  • Contra mode
Q9 | Transfer of materials from one godown to another godown, use
  • Manufacturing Journal
  • Stock Journal
  • Purchase Journal
  • Both A & B
Q10 | Recording of actual stock as physically verified or counted is done through
  • Journal
  • Stock Journal
  • Physical Stock
  • Sales
Q11 | Service Tax Report can be seen from
  • Display > Day Book
  • Display > Account Books
  • Display > Statutory Masters
  • Display > Statutory Reports
Q12 | Payroll Auto fill is done through
  • Ctrl + A
  • Alt + A
  • Ctrl + B
  • Alt + B
Q13 | What is the full form of TCS?
  • Tax Collected by Staff
  • Tax Consumption at Source
  • Tax Collected at Source
  • Tax Collected from Sales
Q14 | The shortcut used for Sales Order is
  • Alt+F4
  • Alt+F5
  • Alt+F7
  • Alt+F8
Q15 | Budget represents ……………………
  • Estimation
  • Forecasting
  • Assumption
  • All of these
Q16 | Find out which is not a Default Ledger in Tally
  • Cash in Hand
  • Capital Account
  • Profit & Loss
  • None of these
Q17 | The Profit & Loss statement can be displayed in ----------- ----- format(s).
  • Horizontal
  • Vertical
  • A or B
  • None of the above
Q18 | Default ledger accounts in tally are ______
  • Balance sheet & profit & loss profit & loss and trial balance
  • Profit & loss and trial balance
  • Cash and profit & loss
  • Cash and bank
Q19 | Default 'godown' name in tally is ____________
  • Primary
  • Main location
  • A or b
  • None of the above
Q20 | 'Tally vault' is a _________________
  • Security mechanism
  • Ledger a/c
  • Cost category
  • None of the above
Q21 | To create a sales voucher in tally, you have to press _______
  • F5
  • F7
  • F8
  • F9
Q22 | A Group Company is ------------------------- given to the merged accounts of membercompanies of the group.
  • a name
  • an identity
  • A and B
  • None of the above
Q23 | In tally you get currency symbol option from _______ menu
  • Company creation
  • Stock items units
  • Regional setting
  • None of the above
Q24 | ------------------ gives the balance for each day for the voucher type has been selected.
  • Trial Balance
  • Daybook
  • Balance Sheet
  • None of the above
Q25 | For 'stock journal' entry we press ______________ in tally
  • F7
  • Alt + F7
  • F10
  • F11