Tally

Top 100+ Tally Quiz Questions and Answers Tally MCQ Question with Answer Tally MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding. What is tally used for? Tally is an accounting software program for documenting a company’s day-to-day business data. Tally ERP 9 is among India’s most extensively used […]

01. Accounting provides information on A. Cost and income for managers B. Company’s tax liability for a particular year C. Financial conditions of an institution D. All of the above Answer Option : D 02. Identify the Real account A. Discount account B. Rent Expenses account C. Land account D. Salary account Answer Option :

11. Tally package is developed by A. Peutronics B. Tally Solutions C. Coral Softwares D. Vedika Softwares Answer Option : B 12. Which menu appears after starting Tally for the first time A. Gateway of Tally B. Company Info C. Company Info D. None of these Answer Option : B 13. Which option is used

21. We can change the Company Information from A. A Company Info > Back up B. Company Info > Alter C. Company Info > Split Company Data D. None of these Answer Option : B 22. Company Restore option is available in A. Company Features B. Company Information C. Configuration D. None of these Answer

31. F12 is known as A. Company Features B. Company Configuration C. Accounting Features D. None of these Answer Option : B 32. Which menu is used to create new ledgers, group and voucher types in Tally A. Reports B. Import C. Transactions D. Masters Answer Option : D 33. Which submenu is used to

41. _______is an example for tangible assets A. Furniture B. Debtors C. Patent D. Discount on issue of shares and debentures Answer Option : A 42. Accrued income comes under A. Current liability B. Current liability C. Current asset D. Fixed asset Answer Option : C 43. Taxes paid come under which group A. Capital

51. How many types of Measurement Units we can create in Tally A. 2 B. 3 C. 5 D. 4 Answer Option : A 52. Default „godown‟ name in tally is _________ A. Primary B. Main location C. Group D. Stock Answer Option : B 53. Inventory books‟s is used to view A. Stock Items

61. Discount Column is available in A. Sales Invoice B. Purchase Invoice C. Both (1) and (2) D. None of these Answer Option : C 62. Transfer of materials from one godown to another godown, use A. Manufacturing Journal B. Stock Journal C. Purchase Journal D. Sales Journal Answer Option : B 63. Which of

71. Default invoice mode is on for Sales or Purchase entry. Which key should be pressed for entry of Sales or Purchase as voucher A. Alt + V B. Ctrl + V C. Alt + F8 D. Alt + F9 Answer Option : B 72. Function key for receipt voucher is A. F3 B. F4

81. The rate of trade discount varies with the _____________ purchased A. Total asset B. Current asset C. Quantity D. None of these Answer Option : C 82. Vouchers can be displayed in A. Account info B. Day book C. Inventory info D. Ledger Answer Option : B 83. Which option is used to view

91. In Tally you get currency symbol option from ________ menu A. Company creation B. Stock items units C. Regional settings D. None of the above Answer Option : A 92. How to activate the tally audit feature in a company A. Press F11 key B. Press F12 key C. In company info > security