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This set of Tally Multiple Choice Questions & Answers (MCQs) focuses on Tally Set 2
Q1 | Where do we record cash sales in Tally
- Contra
- Receipt
- Payment
- Journal
Q2 | Where do we record credit purchase of furniture in Tally
- Purchase
- Payment
- Receipt
- Journal
Q3 | Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally
- Journal
- Payment
- Contra
- Receipt
Q4 | Which of the following equation is true for balance sheet
- Assets = Liabilities +Capital
- Liabilities = Assets ? Capital
- Capital = Assets ? Liabilities
- All of these
Q5 | How many options related to Company Features are there in F11: Features in Tally
- 3
- 2
- 5
- 4
Q6 | Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.
- Lts
- Nos
- Kgs
- Box
Q7 | Which option is used to view Trial Balance from Gateway of Tally
- Gateway of Tally? Reports ? Trial Balance
- Gateway of Tally? Trial Balance
- Gateway of Tally? Reports ? Display ? Trial Balance
- None of these
Q8 | Which option is true for viewing Profit & Loss A/C in Gateway of Tally
- Gateway of Tally? Reports ? Profit & Loss A/C
- Gateway of Tally? Display ? Profit & Loss A/C
- Gateway of Tally? Account Books ? Profit & Loss A/C
- None of these
Q9 | By default, which mode is on in Purchase and Sales voucher
- Norma Mode
- Item Invoice Mode
- Particulars Mode
- None of these
Q10 | Which step is followed to view Purchase Register
- Gateway of Tally? Display ? Sales Register
- Gateway of Tally? Account Books ? Sales Register
- Gateway of Tally? Display ? Account Books ? Purchase Register
- None of these
Q11 | Which of the following is not compulsory to create while entry in Accounts withInventory
- Stock Groups
- Stock Items
- Stock Categories
- Units of Measure
Q12 | Which reports are prepared monthly in Tally
- Profit & Loss A/C
- Balance Sheet
- Trial Balance
- Cash Flow of Funds Flow
Q13 | By which option Purchase or Sales register can be viewed
- Statutory Books
- Inventory Books
- Accounts Books
- Display
Q14 | Which option is used to view Stock Items or Group Summary
- Accounts Books
- Inventory Books
- Statutory Books
- Display
Q15 | We can change the Company Information from
- A Company Info > Back up
- Company Info > Alter
- Company Info > Split Company Data
- None of these
Q16 | Company Restore option is available in
- Company Features
- Company Information
- Configuration
- None of these
Q17 | We can modify an existing Company from
- Company Info > Alter
- Company Info > Alter Company
- Gateway of Tally > Modify Company
- None of these
Q18 | Party account can be created through
- Group creation window
- Ledger creation window
- Inventory creation window
- Any one of them
Q19 | 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
Q20 | We can show Bill wise details of Debtors and Creditors by activating
- Bill by bill
- Maintain Bill wise Details
- Maintain References
- None of these
Q21 | How many inbuilt Accounts group are in tally by default
- 29
- 31
- 25
- 34
Q22 | Suspense Account Group is defined under
- Income
- Expenditure
- Liabilities
- Assets
Q23 | Manufacturing Journal creates based on
- Journal
- Receipt Note
- Stock Journal
- Purchase Quotation
Q24 | To create Manufacturing Journal which option must be activated
- Use Common Narration
- Narrations for each entry
- Prefilled with Zero
- Use as manufacturing Journal
Q25 | How many types of Measurement Units we can create in Tally
- 2
- 3
- 5
- Unlimited