Can you answer the following questions about Tally? This test quiz contains 45-essential questions of the topic which won't just test you but also build your knowledge base on your wrong answers. So, take this Tally accounting quiz to see how good are you and compare your score to others!
Bank
Cash
All
Stock item
Rate this question:
F1
F2
F3
F4
Rate this question:
The entire summary of all ledger accounts
Balances of all individual account
Bank and Cash Balances
The exact financial position of the business on a specific date
Rate this question:
Package, which maintains accounts
Which maintains accounts with inventory records
Which display the detail report trial balance, balance sheet, etc
All are correct
Rate this question:
Personal Accounts
Real Accounts
Occasional account
Nominal account
Rate this question:
Unsecured Loan
Secured Loan
Loans & Advances
Current Liability
Rate this question:
1st January
1st February
1st March
1st April
Rate this question:
Expenses (Indirect)
Miss Expenses
Direct Expenses
None
Rate this question:
Ledger
Purchases
Sales
Balance sheet
Rate this question:
Debit
Credit
Both
Balance entered in voucher
Rate this question:
Name of the company & Financial year
Name of the company & Income Tax No
Name of the company & Sales Tax No
All Above
Rate this question:
Record all the entries
To record all the non-cash transactions only
Record entries regarding general transactions
All sale and purchase records
Rate this question:
Capital A/C
Fixed Asset
Investment
Sundry debtors
Rate this question:
To change group name
Simple mechanism to call an account by another name
Type of Group
Type of Ledger
Rate this question:
Duties & Taxes
Income
Expenditure
None
Rate this question:
Profit & loss A/C
Balance sheet
Journal Register
None of the above
Rate this question:
Only Groups
Only ledger Accounts
Group & Ledger
None of the above
Rate this question:
Account only
Accts-with-Inv
Inventory only
All are correct
Rate this question:
Opening
Closing
Only credit
None
Rate this question:
Vouchers
Date
Multiple Ledgers
All of above
Rate this question:
Memorandum Vouchers
Negative stock
Optional Vouchers
All above
Rate this question:
Balance Sheet
Trial Balance
Profit & loss A/C
None of the above
Rate this question:
Inventory control
Payment Decision
Sales performance
None
Rate this question:
This statement is true
Tally does not give the facility to fine tune our control of Budgets
Tally gives the facility to fine tune our control of Budgets over only cost Centers
Tally gives the facility to fine tune our control of budgets over the group of Accounts
Rate this question:
Global & will be effective for all working companies
Not Global and will not be effective for all working companies
Affected to that particular company only
None of the above
Rate this question:
Re-entering the data
Process of getting back the earlier data in Hard disk
Process of keeping a copy of the data in another place
All of the above
Rate this question:
Trial Balance
Balance Sheet
Cheque
Ledger
Rate this question:
Ctrl + Enter
Shift + Enter
Shift + R
Ctrl + S
Rate this question:
Delivery Note
Cash Paid Creditor
Material rejection entry
Expenses
Rate this question:
Delivery In
Delivery Out
Inventory control
All of the above
Rate this question:
Transaction involved Cash and Bank
Transactions related to Purchases
Salaries paid to the employees
Contracting expenses only
Rate this question:
Enter the entry having multiple account effect
For entries regarding bank overdraft
Remind entry which may have effect in future
None of these
Rate this question:
Contra
Payment
Capital
Receipt
Rate this question:
Sometimes to giver & sometimes to taker
Bank Account
The Receiver
The Giver
Rate this question:
Not necessary in Contra entry
Above statement is true
This is applicable in payment type entries only
None of the above
Rate this question:
Accounts of Buyer, Suppliers, Owners, Lenders etc
Accounts of fixed and current assets such as Cash, Building, Plant and Machinery, vehicles etc
Accounts relating to expenses and Income such as sales, purchases Discount Allowed
All types of Bank, Stock and Cash account
Rate this question:
F7
B
F6
A
Rate this question:
Supplier
Sundry debtor
Sundry creditor
Sundry Customer
Rate this question:
Value Added Tax
Valuable At Tax
Value Added Tally
VAT Stands TAX
Rate this question:
Ctrl + F2
Alt + F2
Alt + F1
F2
Rate this question:
Fixed
Direct
Current
None
Rate this question:
Stock journal
Goods out
Goods In
None
Rate this question:
Computerize Accounting
Manual Accounting
Operating System
Language
Rate this question:
To change group name
A simple mechanism to call an account by another name
Type of group
Type of ledger
Rate this question:
Quiz Review Timeline (Updated): Nov 16, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
Wait!
Here's an interesting quiz for you.