Tally 100 marks Question

Choose the correct alternatives for any fifty one of the following:                                   1 X 51 = 51

1.     To change Date Period, Press (in Report)

a)     F2          b) F3           c) ALT+F2        d) ALT+F3

2.     F1 is known as

a)     Cmp info              b)  Shut Cmp         c) Select Cmp  d) None

3.     The Submenu available for entering Rejection in voucher in Tally is

a)     Accounting Voucher  b) Inventory Voucher  c) Rejection Voucher d) Receipt Voucher

4.     To See the Company Configure, Press

a)     F12           b) F11         c) ALT+F2        d) ALT+F3

5.     Which key is pressed to go Inventory features from Accounting features

a)     F2             b) F1           c) ALT+F2        d) ALT+F1

6.     How many accounts group are there in Tally by default

a)     26             b) 27           c) 28       d) 29

7.     Enable Company Logo, from

a)     Accounting features   b) Inventory features    c) Company Configure     d) Voucher Types

8.     Voucher Print features can be active through

a)     Accounting Voucher       b) Inventory features        c) Voucher Types    d) None

9.     Discount Ledger comes under ______________ group

a)     Indirect Expenses            b) Direct Expenses            c) 28       d) 29

10.  Tally shortcut for Rejections in and Rejections out

a)     ALT+F6 & CTRL+F6    b) ALT+F5 & CTRL+F5   c) CTRL+F6 & ALT+F6  d) CTRL+F5 & ALT+F5

11.  Which shortcut is used for calculator in Tally?

a)     CTRL+N                b) CTRL+C c) ALT+N          d) ALT+C

12.  GST stands for

a)     Goods and Sales Tax       b) Goods and Services Tax           c) Global sales tax      d) None

13.  Divide company data into two financial year is possible by selecting the option

a)     Divide company data  b) Split company data  c) Backup company data d) Restore company data

14.  Which shortcut key is used to export data of any company in Excel, PDF, HTML or XML format?

a)     ALT+E       b) CTRL+P   c) CTRL+E           d) ALT+P

15.  The option used to copy company’s data into Pen-drive or CD is

a)     Copy         b) Restore c) Backup           d)  B & C

16.  The shortcut key used to print of any report in  tally is

a)     ATL+P       b) CTRL+P   c) ALT+P             d) CRTL+P

17.  Which option is used to import data from pen-drive or CD to appropriate place in tally?

a)     Backup                 b) Restore c) Split    d) None

18.  Which key is pressed to go Ledger create option from input a voucher option

a)     ALT+L       b) ALT+C    c) CTRL+L            d) CTRL+C

19.  VAT comes under  ____________ Groups

a)     Taxes        b) Income c) Duties & Taxes          d) None

20.  Tally is...

a)     Package, which maintains accounts only 

b)     Which maintains accounts with inventory records

c)     Which display the detail report trial balance, balance sheet etc

d)     All are correct

21.  Contra entry is used for ___________

a)     Transactions related to Purchase  b) Contracting expenses only

c) Salaries paid to the employees  d) Transaction involves Cash and Bank

22.  Which of the following is not a voucher type

a)     Contra    b) Payment   c) Capital   d) Receipt

23.   The supplier of the company belongs to __________ group in accounting

a)     Sales   b) Sundry Creditors  c) Sundry Debtors  d) Suppliers

24.  Tally is  ___________ software

a)     Manual Accounting  b) Computerize Accounting  c) Operating System d) Language

25.  What is MRP?

a)     Market price  b) Marginal price  c) Maximum retail price d) Minimum retail price

26.  How many Go Down are there in tally by default

a)     One   b) Two  c) Three d) None

27.  Voucher class comes under______

a)     Accounting Voucher  b) Inventory Voucher  c) Accounts info.        d) voucher type

28.  Group summary report comes under_______

a)     Account Books  b) Inventory Books  c) Sales Register d) Purchase Register

29.  We can see stock summary report with Profit percentage by pressing

a)     F12      b) F7    c) F11  d) F8

30.  Godown Report comes under

a)     Inventory Books  b) Account Books   c) Statements of Inventory  d) statements of Accounts

31.  We can input customers name & address in_______________ voucher

a)     Sales & Purchase b) Rejection in & Sales  c) Rejection out & Sales  d) Purchase & Rejection out

32.  By default set number of copies to print voucher is

a)     1          b) 2      c) 0      d) 3

33.  We can set print copies in print time by pressing

a)     ALT+P  b) CTRL+P        c) ALT+C          d) CRTL+C

34.  15.52 = 16 is a ___________ type of rounding method

a)     Normal  b) downward  c) upward d) a & c

35.  We can see bank report under

a)     Bank books  b) account books   c) inventory books   d) a & c

36.  F     means

a)     ALT+F  b) ALT+CTRL+F            c) ALT+SHIFT+F  d) None

37.  Create multiple stock group under

a)     Inventory info.   b) Stock Group  c) Group   d) a & b

38.   ERP stands for

a)     Enterprise Record Plan  b) Enterprise Record Planning  c) Enterprise Resource Plan   d) None

39.  All data can be Accept by pressing

a)     Y  b) A   c) Enter   d)  a & c

40.  Profit and Loss ledger comes under ___________ group

a)     Profit and loss  b) Indirect Expense   c) Profit  d) Primary

41.  1.250 KG, number of decimal place is

a)     2  b)  3   c) .3  d) None

42.  GOT stands for

a)     Getway of Tally  b) Gatway of Tally  c) Gotway of Tally  d) None 

43.  To select company press by

a)     ALT+F1  b) F1  c) F3      d) ALT+F3

44.  A new voucher comes under a________________

a)     Account info.  b) Inventory info.    c) Voucher  d) Voucher Class

45.  /2017-2018 is a____________

a)     Prefix details   b) Suffix details   c) Voucher Date  d) None

46.  Tracking number can be active through

a)     Accounts info.   b) Inventory info.  c) Inventory features  d) Accounting features

47.  How many rounding methods are there in tally

a)     2   b) 3    c) 4  d) None

48.  To see the sales register report in separate format  (Extract ), by pressing

a)     ALT+F11  b) F11  c) F12  d) None

49.  To see Narration in Daybook report, by pressing

a)     ALT+F11  b) F11  c) F12  d) ALT+F12

Show Narration: YES

50.  How many units are used for alternative unites

a)     1          b) 2      c) 3      d) None

51.  How many type of GST Tax in INDIA

a)     One    b) Two  c) Three           d)         Five

52.  Rejection Inward and Outward features can be active through—

a) Accounting Voucher   b) Inventory Features   c) Accounting Features   d) a & c

53.  Contra voucher is used for—

a) Cash A/c to Bank A/c    b) Bank A/c to Cash A/c   c) Both   d) None

Answer any Seven (7) from the followings:      7 X 7 = 49

I.          Write down the steps to set prefix details and suffix details in sales voucher numbering.

II.          Write down the steps for Backup and Restore company data.

III.          Write down the steps to see Capital account Report with details.

IV.          Write down the steps to input Rejection in and Rejection out Voucher.

V.          Outstanding Report with details (Receivable & Payable).

VI.           Write down the steps to give discount on each item.

VII.          Write down the steps to see stock summary report with opening, closing, inwards, outwards and profit percentage.

VIII.          Explain Rounding methods with example.