Tally Exam Test – CAD Training Institute

#1. TDS deduction entry can be made through

b. Journal voucher

a. Payment voucher

c. Receipt voucher

d. All of these

#2. What is MRP?

b. Maximum Retail Price

d. Statements of Accounts

c. Inventory

a. Market Price

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

c. Stock items

b. Cost Category

d. Budget

a. Ledgers

#4. To print a vouchers from Tally we need to press

b. Shift + P

d. Accounts

c. Alt + P

a. Ctrl + P

#5. Multiple Godowns are activated from

c. F11>F2

b. F11>F1

d. F11>F3

a. F11

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

a. 2

c. 5

d. Unlimited

b. 3

#7. The shortcut used to activate calculator is

a. Ctrl + N

d. Ctrl + B

c. Ctrl + A

b. Ctrl + M

#8. The shortcut key to quit from Tally is

c. Ctrl + M

d. Ctrl + Q

b. Ctrl + P

a. Ctrl + L

#9. F12 is known as

d. None of these

a. Company Feature

b. Configure

c. Accounting Feature

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

b. F5

d. F9

c. F2

a. F1

#11. We can change the Company Information from

c. Company Info>Split Company Data

a. Company Info>Back up

b. Company Info>Alter

d. none of these

#12. In general the Financial year from shall be from

c. All of them are true

d. None of these

b. 31st March of any year

a. 1st April of any year

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

D. Alt + F3

C. F4

A. Alt +F1

B. F1

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

C. F4

D. Alt + F3

A. Alt +F1

B. F1

#15. ………… Vouchers is pure inventory voucher

D. Cash PaidCredior

B. Delivery Note

A. Expensess

C. Payment

#16. Which of the following companies developed Tally package?

A. Microsoft

B. Tally Solution

C. Power of Simplicity

D. Core Software

#17. Contra Voucher is used for …………..

A) Reports

B) Master Entry

D) None of the Options

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

#18. Closing stock appears in ……..

A) Journal voucher

B) Trial balance

D) Balance sheet

C) Profit & loss AC

#19. 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

#20. Which financial statement can be made from trial balance?

d) All of the above

c) Balance sheet

a) Sales

b) Ledger

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

B. Alt + F7

C. F8

A. F7

D. Alt + F8

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

C) Backup

A) Copy Data

B) Move Data

D) Restore

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

A) Ledger

B) journal

D) reversing journal

C) stock journal

#24. Trial Balance Contains _________ balance of all accounts

B) closing

C) only credit

D) only debit

A) opening

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

B. Restore

A. Backup

C. Import

D. None of These

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

A. Ctrl + F2

B. F5

C. F+2

D. alt + F2

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

a. True

b. False

#28. Capital Investment comes under following group.

H. Income

G. Sundry Creditors

F. Sundry Debtors

E. Liabilities

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

b. False

a. True

#30. Commission Paid is under Indirect Income.

a. True

b. False

#31. Contra entry is done for payments of expenses.

a. True

b. False

#32. Following are the types of outstanding.

d. Receivables

b. Payables

a. Liabilities

c. Assets

#33. Following are the types of Vouchers except

b. GST

a. Purchase

d. Contra

c. Sales

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

a. True

b. False

#35. Rent received is under Indirect Income.

b. False

a. True

#36. Sales Ledger is shown under Sales

b. False

a. True

#37. Scrap Sale is shown under indirect income.

b. False

a. True

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

b. False

a. True

#39. TDS is Tax Decided at source.

b. False

a. True

#40. Telephone Bills payable is shown under provisions.

a. True

b. False

#41. Telephone Charges is shown under Direct Expenses.

a. True

b. False

#42. To delete a voucher press Alt + D.

a. True

b. False

#43. Trial Balance is a summary of ledger balances.

a. True

b. False

#44. Unit of Measure is compulsory for Inventory.

b. False

a. True

#45. GST comes under group Indirect Expenses.

b. False

a. True

#46. Vehicles are shown under Fixed Assets.

b. False

a. True

#47. Wages is under Direct Expenses.

b. False

a. True

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

b. False

a. True

#49. What is the full form of BOM

a. Bill of Models

c. Bill of Materials

b. Bill order material

d. None of them

#50. What is the full form of TCS

c. Tax collect System

d. All of these

b. Tax Company course

a. Tax Collected at Source

#51. What is the full form of IGST

b. Integrated Goods and Service Tax

d. Goods and Service Tax

c. Integrated Goods and Servant Tax

a. Indian goods and service tax

Results

#1. TDS deduction entry can be made through

#2. What is MRP?

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

#4. To print a vouchers from Tally we need to press

#5. Multiple Godowns are activated from

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

#7. The shortcut used to activate calculator is

#8. The shortcut key to quit from Tally is

#9. F12 is known as

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

#11. We can change the Company Information from

#12. In general the Financial year from shall be from

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

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

#15. ………… Vouchers is pure inventory voucher

#16. Which of the following companies developed Tally package?

#17. Contra Voucher is used for …………..

#18. Closing stock appears in ……..

#19. Journal book is used to

#20. Which financial statement can be made from trial balance?

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

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

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

#24. Trial Balance Contains _________ balance of all accounts

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

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

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

#28. Capital Investment comes under following group.

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

#30. Commission Paid is under Indirect Income.

#31. Contra entry is done for payments of expenses.

#32. Following are the types of outstanding.

#33. Following are the types of Vouchers except

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

#35. Rent received is under Indirect Income.

#36. Sales Ledger is shown under Sales

#37. Scrap Sale is shown under indirect income.

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

#39. TDS is Tax Decided at source.

#40. Telephone Bills payable is shown under provisions.

#41. Telephone Charges is shown under Direct Expenses.

#42. To delete a voucher press Alt + D.

#43. Trial Balance is a summary of ledger balances.

#44. Unit of Measure is compulsory for Inventory.

#45. GST comes under group Indirect Expenses.

#46. Vehicles are shown under Fixed Assets.

#47. Wages is under Direct Expenses.

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

#49. What is the full form of BOM

#50. What is the full form of TCS

#51. What is the full form of IGST

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