Tally Exam Test – CAD Training Institute

#1 While entering Receipt Voucher you have to debit Cash or Bank.

a. True

b. False

#2 Which Shortcut key is used to create a new company in Tally ?

D. Alt + F3

C. F4

B. F1

A. Alt +F1

#3 What is the full form of BOM

b. Bill order material

c. Bill of Materials

d. None of them

a. Bill of Models

#4 which option is used to import data from pen drive or CD to Appropriate place in Tally?

B. Restore

C. Import

D. None of These

A. Backup

#5 29. Cash withdrawn contra entry is Dr Bank & Credit Cash.

a. True

b. False

#6 To delete a voucher press Alt + D.

b. False

a. True

#7 What is the full form of TCS

c. Tax collect System

a. Tax Collected at Source

b. Tax Company course

d. All of these

#8 What is MRP?

c. Inventory

d. Statements of Accounts

b. Maximum Retail Price

a. Market Price

#9 TDS deduction entry can be made through

d. All of these

c. Receipt voucher

a. Payment voucher

b. Journal voucher

#10 Vehicles are shown under Fixed Assets.

a. True

b. False

#11 ………… Vouchers is pure inventory voucher

C. Payment

B. Delivery Note

D. Cash PaidCredior

A. Expensess

#12 TDS is Tax Decided at source.

a. True

b. False

#13 Wages is under Direct Expenses.

b. False

a. True

#14 Which of the following companies developed Tally package?

A. Microsoft

C. Power of Simplicity

D. Core Software

B. Tally Solution

#15 The shortcut used to activate calculator is

b. Ctrl + M

d. Ctrl + B

c. Ctrl + A

a. Ctrl + N

#16 Journal book is used to

b) Entries regarding general transections

d) To records all the - non –cash transactions

c) Records all sales and purchases transections

a) Records all the ledgers

#17 “Allow components list details (Bill of Materials)” option is activated for

a. Ledgers

d. Budget

c. Stock items

b. Cost Category

#18 Closing stock appears in ……..

D) Balance sheet

A) Journal voucher

C) Profit & loss A\C

B) Trial balance

#19 The option used to copy company’s data into pen drive or CD is

C) Backup

D) Restore

A) Copy Data

B) Move Data

#20 To print a vouchers from Tally we need to press

b. Shift + P

a. Ctrl + P

d. Accounts

c. Alt + P

#21 Unit of Measure is compulsory for Inventory.

a. True

b. False

#22 How many types of Measurement Units we can create in Tally?

b. 3

d. Unlimited

c. 5

a. 2

#23 Rent received is under Indirect Income.

b. False

a. True

#24 21. Which short Cut is used for stock journal or manufacturing journal in Tally?

C. F8

A. F7

D. Alt + F8

B. Alt + F7

#25 Trial Balance Contains _________ balance of all accounts

B) closing

C) only credit

D) only debit

A) opening

#26 Telephone Bills payable is shown under provisions.

b. False

a. True

#27 The shortcut key to quit from Tally is

a. Ctrl + L

c. Ctrl + M

b. Ctrl + P

d. Ctrl + Q

#28 ____________entry is used to assemble a product from different items.

D) reversing journal

B) journal

A) Ledger

C) stock journal

#29 Scrap Sale is shown under indirect income.

b. False

a. True

#30 Sundry Creditors are parties to whom we Sale goods.

a. True

b. False

#31 Commission Paid is under Indirect Income.

b. False

a. True

#32 F12 is known as

c. Accounting Feature

a. Company Feature

b. Configure

d. None of these

#33 What is the full form of IGST

c. Integrated Goods and Servant Tax

b. Integrated Goods and Service Tax

d. Goods and Service Tax

a. Indian goods and service tax

#34 Which financial statement can be made from trial balance?

c) Balance sheet

a) Sales

b) Ledger

d) All of the above

#35 Trial Balance is a summary of ledger balances.

a. True

b. False

#36 To change Current Date from Gateway of Tally press the key

b. F5

d. F9

a. F1

c. F2

#37 Sales Ledger is shown under Sales

b. False

a. True

#38 To change Current Period from Gateway of Tally press the key

D. alt + F2

A. Ctrl + F2

B. F5

C. F+2

#39 We can change the Company Information from

a. Company Info>Back up

c. Company Info>Split Company Data

d. none of these

b. Company Info>Alter

#40 Profit shown in Balance Sheet & Profit & Loss is not same.

b. False

a. True

#41 Contra Voucher is used for …………..

B) Master Entry

C) Cash Account to Bank Account or Bank Account to Cash Account

D) None of the Options

A) Reports

#42 Backup & Restore is in Company Info. Menu.

a. True

b. False

#43 In general the Financial year from shall be from

d. None of these

a. 1st April of any year

c. All of them are true

b. 31st March of any year

#44 GST comes under group Indirect Expenses.

b. False

a. True

#45 The Shortcut key is used to select company in tally is :

B. F1

C. F4

A. Alt +F1

D. Alt + F3

#46 Multiple Godowns are activated from

d. F11>F3

c. F11>F2

a. F11

b. F11>F1

#47 Capital Investment comes under following group.

E. Liabilities

G. Sundry Creditors

H. Income

F. Sundry Debtors

#48 Telephone Charges is shown under Direct Expenses.

a. True

b. False

#49 Following are the types of Vouchers except

c. Sales

a. Purchase

b. GST

d. Contra

#50 Following are the types of outstanding.

a. Liabilities

c. Assets

b. Payables

d. Receivables

#51 Contra entry is done for payments of expenses.

b. False

a. True

Results

#1 While entering Receipt Voucher you have to debit Cash or Bank.

#2 Which Shortcut key is used to create a new company in Tally ?

#3 What is the full form of BOM

#4 which option is used to import data from pen drive or CD to Appropriate place in Tally?

#5 29. Cash withdrawn contra entry is Dr Bank & Credit Cash.

#6 To delete a voucher press Alt + D.

#7 What is the full form of TCS

#8 What is MRP?

#9 TDS deduction entry can be made through

#10 Vehicles are shown under Fixed Assets.

#11 ………… Vouchers is pure inventory voucher

#12 TDS is Tax Decided at source.

#13 Wages is under Direct Expenses.

#14 Which of the following companies developed Tally package?

#15 The shortcut used to activate calculator is

#16 Journal book is used to

#17 “Allow components list details (Bill of Materials)” option is activated for

#18 Closing stock appears in ……..

#19 The option used to copy company’s data into pen drive or CD is

#20 To print a vouchers from Tally we need to press

#21 Unit of Measure is compulsory for Inventory.

#22 How many types of Measurement Units we can create in Tally?

#23 Rent received is under Indirect Income.

#24 21. Which short Cut is used for stock journal or manufacturing journal in Tally?

#25 Trial Balance Contains _________ balance of all accounts

#26 Telephone Bills payable is shown under provisions.

#27 The shortcut key to quit from Tally is

#28 ____________entry is used to assemble a product from different items.

#29 Scrap Sale is shown under indirect income.

#30 Sundry Creditors are parties to whom we Sale goods.

#31 Commission Paid is under Indirect Income.

#32 F12 is known as

#33 What is the full form of IGST

#34 Which financial statement can be made from trial balance?

#35 Trial Balance is a summary of ledger balances.

#36 To change Current Date from Gateway of Tally press the key

#37 Sales Ledger is shown under Sales

#38 To change Current Period from Gateway of Tally press the key

#39 We can change the Company Information from

#40 Profit shown in Balance Sheet & Profit & Loss is not same.

#41 Contra Voucher is used for …………..

#42 Backup & Restore is in Company Info. Menu.

#43 In general the Financial year from shall be from

#44 GST comes under group Indirect Expenses.

#45 The Shortcut key is used to select company in tally is :

#46 Multiple Godowns are activated from

#47 Capital Investment comes under following group.

#48 Telephone Charges is shown under Direct Expenses.

#49 Following are the types of Vouchers except

#50 Following are the types of outstanding.

#51 Contra entry is done for payments of expenses.

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