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This set of Tally Multiple Choice Questions & Answers (MCQs) focuses on Tally Set 1

Q1 | Tally package is developed by
  • Peutronics
  • Tally Solutions
  • Coral Softwares
  • Vedika Softwares
Q2 | Which menu appears after starting Tally for the first time
  • Gateway of Tally
  • Company Info
  • Display
  • None of these
Q3 | Which option is used in Tally to make changes in created company
  • Select Company
  • Shut Company
  • Alter
  • None of these
Q4 | Which option from Company Info. menu is selected to create a new Company in Tally
  • Company Create
  • Create Company
  • Create
  • New Company
Q5 | Which option is selected from Company Info Menu to divide company data into twofinancial years
  • Change Tally Vault
  • Alter
  • Split Company Data
  • New Company
Q6 | Which option is used to copy company?s data into pen drive or CD
  • Backup
  • Restore
  • Split Company Data
  • Copy Data
Q7 | Which option is used to place data taken in pen drive or CD to Appropriate place in Tally
  • Backup
  • Restore
  • Split Company Data
  • None of these
Q8 | Which option is used to open company created in Tally
  • Create Company
  • Alter
  • Select Company
  • Shut Company
Q9 | Which option is used in Tally to close opened Company
  • Alter
  • Shut Company
  • Create Company
  • Select Company
Q10 | Which option is used to move from one company to another when more than onecompanies are open
  • Company Info
  • Shut Company
  • Select Company
  • Company
Q11 | Which menu is used to create new ledgers, groups and voucher types in Tally
  • Reports
  • Import
  • Transactions
  • Masters
Q12 | Which submenu is used to create new ledgers, groups and voucher types in Tally
  • Account Info
  • Inventory Info
  • Accounting Vouchers
  • Inventory Vouchers
Q13 | Which submenu is used for voucher entry in Tally
  • Vouchers
  • Account Vouchers
  • Accounts Info
  • None of these
Q14 | Salary Account comes under which head
  • Indirect Incomes
  • Indirect Expenses
  • Direct Incomes
  • Direct Expenses
Q15 | How many groups are pre-defined in Tally
  • 28
  • 30
  • 15
  • 19
Q16 | How many primary groups are there in Tally
  • 19
  • 28
  • 15
  • 20
Q17 | How many secondary groups are there in Tally
  • 15
  • 13
  • 28
  • 3
Q18 | Which option is used to view list of Primary and Secondary groups in Tally
  • List of Accounts
  • Accounts
  • List
  • None of these
Q19 | Which ledger is created by Tally automatically as soon as we create a new company
  • Cash
  • Profit & Loss A/c
  • Capital A/c
  • A and B both
Q20 | Which option is used to make changes in created Groups of Ledgers in Tally
  • Create
  • Display
  • Alter
  • Change
Q21 | How many voucher types area readily available in Tally
  • 18
  • 16
  • 20
  • 28
Q22 | Which voucher type is used to transfer amount from one bank to another
  • Contra
  • Payment
  • Receipt
  • Post-Dated
Q23 | Rs.20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded
  • Payment
  • Receipt
  • Contra
  • Post-Dated
Q24 | Where do we record transactions of salary, rent or interest paid
  • Contra
  • Journal
  • Receipt
  • Payment
Q25 | Where do we record interest received, commission received or rent received in Tally
  • Contra
  • Payment
  • Receipt
  • Journal