Tally MCQ Questions. Important Question and Answers PDF free Download for Competitive Exams. ERP 9 objective type multiple choice MCQs question bank.
Tally MCQ Questions
1. Company restore option is available in ________.
a) Company reset
b) New company
c) company information
d) Edit company
Ans. c
2. To change current Date from Gateway of tally press the key ____.
a) F1
b) F2
c) F3
d) F4
Ans. b
3. Tally supports ________ system of accounting.
(a) single entry
(b) double entry
(c) no entry
(d) null entry
Ans. b
4. Tally can maintain ________ for stock keeping, so that fresh inventory may arrive before the old stock is exhausted.
(a) reorder level
(b) profit
(c) loss
(d) cash
Ans. a
5. Balance sheet is produced ________when accounts are maintained in Tally.
(a) manually
(b) automatically
(c) remotely
(d) randomly
Ans. b
6. The statement of account debits, credits, assets and liabilities is called______.
(a) stock& inventory report
(b) profit & loss account
(c) balance sheet
(d) cash balance
Ans. c
7. Pressing _______button in the Gateway of Tally opens company info in Tally.
(a) Alt+F3
(b) F11
(c) F5
(d) F6
Ans. a
8. Pressing______ key opens accounting features.
(a) Alt+F3
(b) F11
(c) F5
(d) F6
Ans. b
9. Payroll, budgeting and scenario management may be enabled through ______menu in Tally.
(a) Accounting Features
(b) Inventory Features
(c) Statutory and Taxation
(d) none of them
Ans. a
10. Account Groups, Ledgers, Budget and scenario are available under ______ in Tally.
(a) Payroll Info
(b) Inventory Info
(c) Accounts Info
(d) none of them
Ans. c
11. Tally Package is developed by ________.
a) Tally solutions
b) Tally corporation
c) Tally company
d) Tata company
Ans. a
12. Financial Year period is ______.
a) 1 April to 31 March
b) 1 January to 31 December
c) 1 june to 31 july
d) none of these
Ans. a
13. Tally is a _______ software.
(a) spreadsheet
(b) accounting
(c) publishing
(d) animation
Ans. b
14. Tally supports _______ accounting types.
(a) cash
(b) payroll
(c) inventory
(d) all of them
Ans. d
15. Tally can provide _______ to each company.
(a) password security
(b) no security
(c) barrier
(d) wrapper
Ans. a
16. Tally can maintain ________ accounts.
(a) tax accounts
(b) liabilities accounts
(c) both a & b
(d) none of them
Ans. c
17. Tally allows data entry in _______ language(s).
(a) only Tamil
(b) only English
(c) only Hindi
(d) many Indian/Asian
Ans. d
18. Tally generates________ report(s) automatically based on voucher/ journal entries.
(a) balance sheet
(b) stock report
(c) profit & loss account
(d) all of them
Ans. d
19. ______ is the shortcut to set date in Tally.
(a) F6
(b) F5
(c) F4
(d) F2
Ans. d
20. _____is the shortcut to inventory buttons from Accounting Vouchers in Tally.
(a) Alt+F1
(b) Ctrl+F1
(c) F7
(d) F8
Ans. a
21. _____ is the shortcut to company info from Gateway of Tally.
(a) F1
(b) Alt+F1
(c) Alt+F2
(d) Alt+F3
Ans. d
22. _____ is the shortcut to change the language in Tally.
(a) Alt+ D
(b) Alt+ Q
(c) Alt+ P
(d) Alt+ G
Ans. d
23. ______ is the shortcut to shut a company in Tally.
(a) F1
(b) Alt+F1
(c) Alt+F2
(d) Alt+F3
Ans. b
24. ______ is the shortcut to change the accounting period from Gateway of Tally.
(a) F1
(b) Alt+F1
(c) Alt+F2
(d) Alt+F3
Ans. c
25. ______ is the shortcut to export a report to different format in Tally.
(a) Alt+2
(b) Alt+ A
(c) Alt+ C
(d) Alt+ E
Ans. d
26. POS stands for ______ in accounting/Tally.
(a) Purchase of Sale
(b) Point of Safety
(c) Purpose of Sale
(d) Point of Sale
Ans. d
27. In taxation, TCS stands for_____.
(a) Tax Creation at Source
(b) Tax Collected at Source
(c) Tax Combined at Source
(d) Tariff Collected at Station
Ans. b
28. In taxation, VAT stands for_____.
(a) Value Assigned Tax
(b) Value Approved Tax
(c) Value Added Transaction
(d) Value Added Tax
Ans. d
29. Who receives benefits without giving money immediately but liable to pay in future?
A Creditor
B Debtor
C Owner
D Worker
Ans. b
30.What is the purpose of security feature in Tally?
A Provides budget option
B Provides option for data backup
C Provides option to upload reports
D Provides statement of accounts
Ans. c
31.Which budget is prepared for a very short period?
A Current budget
B Long term budget
C Rolling budget
D Short term budget
Ans. a
32. ______ is the major source of revenue of any business.
a) Investment
b) Advance
c) Loan
d) Sales
Ans. d
33. Full form of ODBC
a) Open data base connectivity
b) Open data base calculating
c) Open document basically
d) Order data base connection
Ans. a
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