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Tally Set 1
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Questions: 25
This set of Tally Multiple Choice Questions & Answers (MCQs) focuses on Tally Set 1
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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
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