Computerized Accounting With Tally Set 7
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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