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. We can modify an existing Company from

  • Company Info > Alter
  • Company Info > Alter Company
  • Gateway of Tally > Modify Company
  • None of these

2. Salary Account comes under which head

  • Indirect Incomes
  • Indirect Expenses
  • Direct Incomes
  • Direct Expenses

3. How many groups are pre-defined in Tally

  • 28
  • 30
  • 15
  • 19

4. How many primary groups are there in Tally

  • 19
  • 28
  • 15
  • 20

5. How many secondary groups are there in Tally

  • 15
  • 13
  • 28
  • 3

6. Which option is used to view list of Primary and Secondary groups in Tally

  • List of Accounts
  • Accounts
  • List
  • None of these

7. Which ledger is created by Tally automatically as soon as we create a new company

  • Cash
  • Profit & Loss A/c
  • Capital A/c
  • A and B both

8. Which option is used to make changes in created Groups of Ledgers in Tally

  • Create
  • Display
  • Alter
  • Change

9. How many voucher types are readily available in Tally

  • 18
  • 16
  • 20
  • 28

10. Which voucher type is used to transfer amount from one bank to another

  • Contra
  • Payment
  • Receipt
  • Post-Dated

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 Rs.20,000 withdrawn from State Bank.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

  • Payment
  • Receipt
  • Contra
  • Post-Dated

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

  • Contra
  • Journal
  • Receipt
  • Payment

13. Where do we record interest received, commission received or rent received in Tally

  • Contra
  • Payment
  • Receipt
  • Journal

14. Where do we record cash sales in Tally

  • Contra
  • Receipt
  • Payment
  • Journal

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

  • Purchase
  • Payment
  • Receipt
  • Journal

16. Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally

  • Journal
  • Payment
  • Contra
  • Receipt

17. How many options related to Company Features are there in "F11: Features" in Tally

  • 3
  • 2
  • 4
  • 5

18. Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.

  • Lts
  • Nos
  • Kgs
  • Box

19. Which option is used to view Trial Balance from Gateway of Tally?

  • Gateway of Tally > Reports > Trial Balance
  • Gateway of Tally > Trial Balance
  • Gateway of Tally > Display > Trial Balance
  • None of these

20. 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

21. By default, which mode is on in Purchase and Sales voucher

  • Normal Mode
  • Item Invoice Mode
  • Particulars Mode
  • None of these

22. Which step is followed to view Purchase Register

  • Gateway of Tally > Display > Sales Register
  • Gateway of Tally > Account Books > Sales Register
  • Gateway of Tally > Display > Account Books > Purchase Register
  • None of these

23. Which of the following is not compulsory to create while entry in Accounts with Inventory

  • Stock Groups
  • Stock Items
  • Stock Categories
  • Units of Measure

24. Which reports are prepared monthly in Tally?

  • Profit & Loss A/C
  • Balance Sheet
  • Trial Balance
  • Cash Flow of Funds Flow

25. By which option Purchase or Sales register can be viewed

  • Statutory Books
  • Inventory Books
  • Accounts Books
  • Display

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

  • Accounts Books
  • Inventory Books
  • Statutory Books
  • Display

27. We can change the Company Information from

  • A Company Info > Back up
  • Company Info > Alter
  • Company Info > Split Company Data
  • None of these

28. Company Restore option is available in

  • Company Features
  • Company Information
  • Configuration
  • None of these

29. We can create multiple users in Tally activating

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

30. Branch / Division is a group defined under

  • Liabilities
  • Assets
  • Income
  • Expenditure

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

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

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

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

33. Reversing journal is a

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

34. Single Entry mode is applicable for

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

35. List of Optional Voucher we can get from

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

36. Optional Voucher is one type of

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

37. 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

38. 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

39. Discount Column is available in

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

40. We can use Stock Journal for

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

41. Retained Earnings is an alias of

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

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

  • Ledgers
  • Cost Category
  • Stock Items
  • Budgets

43. To create Manufacturing Journal which option must be activated

  • Use Common Narration
  • Narrations for each entry
  • Prefilled with Zero
  • Use as manufacturing Journal

44. Party account can be created through

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

45. 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

46. 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

47. How many inbuilt Accounts group are in tally by default

  • 29
  • 31
  • 25
  • 34

48. Suspense Account Group is defined under

  • Income
  • Expenditure
  • Liabilities
  • Assets

49. Manufacturing Journal creates based on

  • Journal
  • Receipt Note
  • Stock Journal
  • Purchase Quotation

50. In Tally, there are ________ predefined ledgers.

  • One
  • Two
  • Three
  • Four

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