Tally ERP
50 Questions
| Attempts: 5796
TALLY ONLINE EXAM SPACE COMPUTER INSTITUTE
Questions and Answers
- 1.Configuration changes affect only the current company.
- A.
TRUE
- B.
FALSE
- 2.Entries made using Memo Voucher will not affect your accounts.
- A.
TRUE
- B.
FALSE
- 3.Tally allows deletion of Ledger having Entries recorded in that.
- A.
TRUE
- B.
FALSE
- 4.Stock Journal Voucher is used to record stock transfer from one location to another.
- A.
TRUE
- B.
FALSE
- 5.Sales Voucher is used to record goods sold on cash.
- A.
TRUE
- B.
FALSE
- 6.Transaction accounting for money received are entered into Payment Voucher.
- A.
TRUE
- B.
FALSE
- 7.Sale Voucher record Credit Purchase of Asset.
- A.
TRUE
- B.
FALSE
- 8.Personal A/c is related with Expenses & Incomes.
- A.
TRUE
- B.
FALSE
- 9.Capital Invested by Proprietor in Business is Business’s Asset.
- A.
TRUE
- B.
FALSE
- 10.Discount allowed to Customer is an Income.
- A.
TRUE
- B.
FALSE
- 11.Appreciation is Loss to Business.
- A.
TRUE
- B.
FALSE
- 12.Entries in Memo Voucher are posted to Ledger.
- A.
TRUE
- B.
FALSE
- 13.Capital=Liabilities – Assets.
- A.
TRUE
- B.
FALSE
- 14.Appreciation charged on Fixed Assets is recorded in Contra Voucher.
- A.
TRUE
- B.
FALSE
- 15.Discount allowed by Supplier is an Income.
- A.
TRUE
- B.
FALSE
- 16.Balances in Trial Balance are temporarily transferred to Suspense A/c.
- A.
TRUE
- B.
FALSE
- 17.The Amount due from the Debtor is called Debts.
- A.
TRUE
- B.
FALSE
- 18.Ctrl+P is shortcut key for printing used in Tally.
- A.
TRUE
- B.
FALSE
- 19.Alt+F5 is short cut key for purchase order.
- A.
TRUE
- B.
FALSE
- 20.Ctrl+F8 is used to select the credit note voucher.
- A.
TRUE
- B.
FALSE
- 21.In Balance Sheet shows all our assets & liabilities.
- A.
TRUE
- B.
FALSE
- 22.F11 key is used to access the feature for a company.
- A.
TRUE
- B.
FALSE
- 23.Drawings reduces Capital.
- A.
TRUE
- B.
FALSE
- 24.At the time of Creating Company two Ledger Cash & P/L A/c are created by Default.
- A.
TRUE
- B.
FALSE
- 25.Stock is always valued at Market Price.
- A.
TRUE
- B.
FALSE
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