Tally ERP

50 Questions | Total Attempts: 4375

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Tally Quizzes & Trivia

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