About Tally ERP

Following are some of the multiple choice questions on the Tally ERP with answers that will help the students in developing their knowledge.

Tally ERP MCQ

1. Which option is used to copy company's data into pendrive or CD

  • Backup
  • Restore
  • Split Company Data
  • Copy Data

2. How many formats are available while Exporting?

  • 2
  • 3
  • 4
  • 5

3. Party account can be created through

  • Group creation window
  • Ledger creation window
  • Inventory creation window
  • Any one of them

4. Which of the following user type can view audit list

  • Tally Vault
  • Owner
  • Data Entry
  • Administrator

5. 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

6. What is the function of Tally Vault?

  • Ledger account
  • Cost category
  • Company Configuration
  • Security Mechanism

7. We can show Bill wise details of Debtors and Creditors by activating

  • Maintain Bill by bill
  • Maintain Bill wise Details
  • Maintain References
  • None of these

8. TDS deduction entry can be made through

  • Payment Voucher
  • Journal Voucher
  • Receipt Voucher
  • All of these

9. Which option is selected from Company Info Menu to divide company data into two financial years

  • Change Tally Vault
  • Alter
  • Split Company Data
  • New Company

10. Goods returning to a Creditor after challan but before bill we need to pass

  • Debit Note
  • Receipt Note
  • Rejection Out
  • Rejection In

11. Which option is true for viewing Profit & Loss A/C in Gateway of Tally

  • Gateway of Tally > Reports > Profit & Loss A/C
  • Gateway of Tally > Display > Profit & Loss A/C
  • Gateway of Tally > Account Books > Profit & Loss A/C
  • None of these

12. There are ------------- predefined ledgers in Tally

  • One
  • Three
  • Two
  • Four

13. From following which one is the latest version of tally

  • tally 8.1
  • tally 7.2
  • tally 6.3
  • tally 9.0

14. Tally package is developed by

  • Peutronics
  • Tally Solutions
  • Coral Softwares
  • Vedika Softwares

15. How many types of Measurement Units we can create in Tally

  • 2
  • 3
  • 5
  • Unlimited

16. BOM represents

  • Billing of Machines
  • Bill of Maintenance
  • Bill of Materials
  • None of these

17. What is the utility of Tally Vault Password

  • It will lock the period of Company
  • It will lock all voucher entries for that Company
  • It will not show the Company Name in the Company Select List
  • None of these

18. Where do we record credit purchase of furniture in Tally

  • Purchase
  • Payment
  • Receipt
  • Journal

19. You can start a new financial year by changing the simply pressing ____ from Gateway of Tally.

  • Date (F2)
  • Period (Alt + F2)
  • Cmp Info (Alt + F3)
  • Configure (F12)

20. Which option is used to view Stock Items or Group Summary

  • Accounts Books
  • Inventory Books
  • Statutory Books
  • Display

21. TDS is applied on which of the following incomes?

  • Professional Fee
  • Commission of lottery ticket
  • Salary income
  • All of these

22. What is tally?

  • it an ERP software to deal business transactions
  • it is a computer software
  • it is a hardware
  • it is a system spftware

23. Find one of the tally advantage

  • accuracy
  • lower cost
  • scope of creativity
  • no need of trained staff

24. Tally offers Toll Free assistance in UAE to its customers at?

  • 800-99999
  • 800-82559 (800-TALLY)
  • 800-11111
  • 800-12559

25. Tally has the advanced management information system

  • disagree
  • agree
  • no idea
  • not related to tally

26. Popular drill-down feature can be accessed by these 2 keys -

  • F11 & F12
  • Enter & Esc
  • Space & Esc
  • Page Up & Page Down

27. Which format of file can be exported from Tally?

  • Excel
  • PDF
  • JPEG
  • All of the above

28. What is the full form of ERP ?

  • Education Resource Enterprise
  • Enterprise Resource Planning
  • Exact Resource Planning
  • Entrepreneurial Resource Planning

29. What is the shortcut Key to quit tally?

  • Ctrl+Q
  • Ctrl+L
  • Ctrl+M
  • Ctrl+P

30. Through which we can deal accounting transactions speedily

  • tally erp9
  • spreadsheet accounting
  • pre packaged accounting
  • customized accounting

31. Where do we record transactions of salary, rent or interest paid

  • Contra
  • Journal
  • Receipt
  • Payment

32. Rs.20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded

  • Payment
  • Receipt
  • Contra
  • Post-Dated

33. Which file will you present from Tally, if requested by UAE Tax Authority in case of a VAT audit?

  • FAF (FTA Audit File)
  • Sales & Purchase Transactions
  • Financial Reports
  • VAT 201 Form

34. Branch / Division is a group defined under

  • Liabilities
  • Assets
  • Income
  • Expenditure

35. To hide the name of the Company you need to define

  • Security Control
  • Tally Audit
  • Create at least one User
  • Tally Vault Password

36. Reversing journal is a

  • Conventional Voucher
  • Unconventional Voucher
  • Both (a) and (b)
  • None of these

37. Single Entry mode is applicable for

  • Receipt Voucher
  • Contra Voucher
  • Payment Voucher
  • All of these

38. List of Optional Voucher we can get from

  • Cash Bank Books
  • Exceptional Reports
  • Accounts Books
  • Balance Sheet

39. Optional Voucher is one type of

  • Conventional Voucher
  • Unconventional Voucher
  • Both (a) & (b)
  • None of these

40. To create Scenario which option requires to be activated

  • Use Rev Journal & Optional voucher in F12
  • Use Optional voucher in F11
  • Use Reversing voucher in F11
  • Use Rev journal & Optional voucher in F11

41. To see reports of Job Work Analysis

  • Display > Statements of Accounts > Job Work Analysis
  • Display > Job Work In Reports > Job Work Analysis
  • Display > Statements of Accounts> Cost Centre > Job Work Analysis
  • None of these

42. We can create multiple users in Tally activating

  • Tally Audit
  • Use Security Control
  • Both (a) and (b)
  • None of these

43. 'Allow components list details (Bill of Materials)' option is activated for

  • Ledgers
  • Cost Category
  • Stock Items
  • Budgets

44. Retained Earnings is an alias of

  • Indirect Income
  • Reserve and Surplus
  • Capital Account
  • Investments

45. Discount Column is available in

  • Sales Invoice
  • Purchase Invoice
  • Both (a) and (b)
  • None of these

46. We can use Stock Journal for

  • Production and Consumption
  • Inter Godown transfer for stock
  • Both (a) and (b)
  • None of these

47. We can see Working Capital figure changing

  • Voucher configuration
  • Profit & Loss configuration
  • Balance Sheet configuration
  • Ledger configuration

48. We can see list of Memorandum Vouchers from

  • Cash/Bank Books
  • Exception Reports
  • Accounts Books
  • Trail Balance

49. To activate Job Costing which options require to be activated

  • Maintain Cost Centre
  • Use Cost Centre for Job Costing
  • Both a & b
  • None of these

50. In Tally, there are ________ predefined ledgers.

  • One
  • Two
  • Three
  • Four

Enjoyed the Quiz. Share this with friends

Comments

Add Your Review

Your email address will not be published.

Subscribe to Newsletter!

Subscribe to get latest updates and information.