Tally Mcq Include All topic. These all question related to your Ms Office Exam, CCC Exam, Computer Basic Exam, Interview Preparation.
#1. To Shut Currently Opened Co. we have to press _______________ on Control Button Panel.
#2. ________________means a person who is in a position to pay his debts as they become due.
#3. Purchase Bill pending menu comes under ________________.
#4. Kgs. & Dzs. are ________________.
#5. Provision for Doubtful Debts is deducted from __________________ in the Balance Sheet.
#6. _______________ is the Under Group of “Kids Collection” to whom we sale goods on credit.
#7. Current Liabilities group includes ________________ subgroups.
#8. ________________ is the Under Group of “Party from whom we purchase goods on credit “.
#9. _______________ is the Under Group of “Dazzling Stars Ltd” from whom we purchase goods on credit.
#10. _______ is an enhanced Security System, which allows for encryption of the Company Data.
#11. Quit Command closes ______________________.
#12. All Accounts must be classified under their appropriate ________________.
#13. ___________ is normally allowed by Creditor to his Debtor for getting Immediate Payment.
#14. Recording of transaction in any book of accounting is called as _______________________.
#15. __________________ is prepared only after adjusting various Ledger Accounts.
#16. ________________ is prepared after adjusting various Ledger Accounts.
#17. Impersonal Accounts are Classified into _____________ Parts.
#18. VCD & RICE are ________________.
#19. ________________ is the Under Group of “Reserves kept for Employees “.
#20. ________________ is the Under Group of “Loan taken from relative without keeping any security”.
#21. ____________ is a system of indirect taxation which has been introduced in lieu of sales tax.
#22. The features of Tally are ________________.
#23. ________________ is used for recording day-to-day transaction.
#24. ________________ provides service to the Deductor.
#25. Opening screen of Tally contains ________________ elements.
#26. Liabilities means amount payable by business to the outsiders.
#27. Purchase Order can be sent to the Supplier.
#28. Stock Journal Voucher does not affects Books of Accounts.
#29. Amount invested by business outside his business is Investment.
#30. Double Entry System is Incomplete or Partial records of Business transaction.
#31. Excess of Expenses over Income is Net Loss.
#32. Drawings reduces Capital.
#33. F11 key is used to access the feature for a company.
#34. In Balance Sheet shows all our assets & liabilities.
#35. Ctrl+P is shortcut key for printing used in Tally.
#36. The Amount due from the Debtor is called Debts.
#37. Discount allowed by Supplier is an Income.
#38. Appreciation charged on Fixed Assets is recorded in Contra Voucher.
#39. Entries in Memo Voucher are posted to Ledger
#40. Appreciation is Loss to Business.
#41. Discount allowed to Customer is an Income.
#42. Sale Voucher record Credit Purchase of Asset.
#43. Tally allows deletion of Ledger having Entries recorded in that.
#44. Entries made using Memo Voucher will not affect your accounts.
#45. Purchase Order can be sent to the Customer.
#46. Financial Year can be splitted to see the Performance of Same Company in Different Periods.
#47. We can change Drive Name at the time of Backup.
#48. Debit Balance of Profit/Loss A/c indicates Net Profit.
#49. Sales Order is used to place orders of goods to the Supplier.
#50. Credit Note means Sales Return.
#51. A Person whose Liabilities are more than his Assets, is called Solvent.
#52. Stock is always valued at Market Price.
#53. Ledgering is Summarizing and Classification of transaction.
#54. The person whose assets are more than its liability is known as insolvent .
#55. Narration is written just above an Entry.
#56. TDS means Tax Deducted at Sales.
#57. A company can be deleted in Alter mode only.
#58. TCS is the Tax Collected at Source.
#59. In TDS, deductee provides services to the deductor.
#60. Alt+F9 is shortcut key for Receipt Note.
#61. Depreciation on Machinery is recorded in Journal Voucher.
#62. Journal Entry is recorded for Placement of order only.
#63. In Accounting terms each debit must have corresponding credit effect.
#64. Return Inward is also known as Purchase Return.
#65. Sales Return means Return Outward.
#66. Trial Balance contain all ledger credit & debit balances.
#67. Gross Profit is posted to Balance Sheet.
#68. Commission received in advance is our Liability.
#69. Assets when purchased are recorded at cost price & not at market price.
#70. Purchase & Sales Order are activated through Company Features.
#71. Tally automatically generates a number of reports once we have enter the vouchers.
#72. Through E-mail option we can send Invoice to our customer.
#73. We cannot publish all reports & documents on websites with the help of Tally.
#74. Vouchers are used to record day to day transaction.
#75. A person who owes money to the business is creditor.
#76. Contra voucher includes all the entries between bank and cash.
#77. In the Balance sheet every debit entry is matched by a credit entry.
#78. Ledgers are very important for voucher entries.
#79. Tally does not permit to change the parent of a predefined group.
#80. User can delete a groups from multiple alternation mode.
#81. User can delete a group from single alteration mode only.
#82. Ledger can be deleted when there is no transactions recorded into ledger.
#83. In display mode user can make any change in the group.
#84. User can select more than one company at a time.
#85. After creating a company, many cash accounts can be created.
#86. Profit & Loss A/c displays all primary groups and their closing Dr. and Cr. Balance.
#87. For maintaining accounts, Tally requires accounting code.
#88. In Tally, features activated through F12 key are applicable to all companies.
#89. Memo voucher entries do not affect the Balance Sheet.
#90. _____ is the shortcut to reversing journal from Accounting Vouchers in Tally.
#91. Which shortcut key is pressed to go to company Info. Menu from Gateway of Tally?
#92. Which menu is used to create new ledgers, groups and voucher types in Tally?
#93. Which option is used in Tally to close opened Company?
#94. By which option Purchase or Sales register can be viewed?
#95. Sales Tax Ledger falls under which Group?
