Tally Prime With GST

Which ledger is created by Tally automatically as soon as we create a new company________

2 Mark(s)

Profit & Loss A/c
Cash
Capital A/c
Both A & C

Which option is used in Tally to close opened Company_______

2 Mark(s)

Shut Company
Alter
Create Company
Select Company

Which option is used to move from one company to another when more than one companies are open_________

2 Mark(s)

Select Company
Shut Company
Company Info
Company

Which option is used to place data taken in pen drive or CD to Appropriate place in Tally______

2 Mark(s)

Restore
Backup
Split Company Data
None of above

In general the financial year from shall be from______

2 Mark(s)

31st March of any year
1st April of any year
All of above
None of above

Which submenu is used for voucher entry in Tally_________

2 Mark(s)

Accounting Vouchers
Accounts Info
Vouchers
None

Which option is used to copy company’s data into pendrive or CD__________

2 Mark(s)

Restore
Copy Data
Backup
Split Company Data

Which submenu is used to create new ledgers, groups and voucher types in Tally_________

2 Mark(s)

Inventory Info
Account Info
Inventory Vouchers
Inventory Vouchers

Tally package is developed by___________

2 Mark(s)

Tally Solutions
Coral Softwares
Peutronics
Vedika Softwares

VAT Structure is beneficial for whom?

2 Mark(s)

Balance Sheet
Cash Flow or Funds Flow
Trader
) Trial Balance

Which shortcut key is used to view Report with all details in Tally?

2 Mark(s)

F1
F2
Alt + F1
Alt + F2

Which menu appears after starting Tally for the first time____

2 Mark(s)

Company Info
Gateway of Tally
All of above
None of above

Which menu is used to create new ledgers, groups and voucher types in Tally______

2 Mark(s)

Import
Masters
Reports
Transactions

Which option is used to open company created in Tally__________-

2 Mark(s)

Alter
Select Company
Create Company
Shut Company

Which option is used to view Stock Items or Group Summary_______

2 Mark(s)

Inventory Books
Accounts Books
Statutory Books
Display

How many voucher types are readily available in Tally_______

2 Mark(s)

16
18
28
20

Which option is used to view list of Primary and Secondary groups in Tally__________

2 Mark(s)

List
Accounts
List of Accounts’
None

Which option is used to make changes in created Groups of Ledgers in Tally__________

2 Mark(s)

Display
Alter
Create
Change

Which option from Company Info. menu is selected to create a new Company in Tally________

2 Mark(s)

Company Create
Create Company
New Company
Create

How many groups are pre-defined in Tally

2 Mark(s)

30
28
15
23

How many secondary groups are there in Tally_________

2 Mark(s)

13
28
03
15

How many primary groups are there in Tally_________

2 Mark(s)

19
20
15
28

Salary Account comes under which head_____

2 Mark(s)

Indirect Expenses
Indirect Incomes
Direct Expenses
Direct Incomes

Which option is used in Tally to make changes in created company_______

2 Mark(s)

Shut Company
Select Company
Alter
None of above

Which shortcut key is used to change current period in Tally?

2 Mark(s)

Alt+F2
F2
F3
Alt+F3

_____ is the shortcut to create payment voucher in Tally.

2 Mark(s)

F3
F4
F5
F6

Which option is used to enable VAT, TDS, and Service Tax etc. in Tally?

2 Mark(s)

Accounting Features
Inventory Features
Statutory & Taxation
None of these

Where do we record credit purchase of furniture in Tally?

2 Mark(s)

Journal
Receipt
payment
Purchase

What is the advantage of a computer-based transaction processing system?

2 Mark(s)

Will be more efficient at producing financial statements.
Eliminates the need to reconcile control accounts and subsidiary ledgers.
Does not require as stringent a set of internal controls.
Will produce a more accurate set of financial statements.

How many type of companies can be created in Tally?

2 Mark(s)

2
3
4
5

Stock maintained for production purpose is called

2 Mark(s)

Inventory
Trial balance
Payroll
Ledger

_____ is a record of all monetary transactions.

2 Mark(s)

Account
Assets
Accrual basis
Credit

â€œAliasâ€ represents

2 Mark(s)

code name
nick name
short name
all of the above

_____ is the shortcut to payroll as Voucher from Payroll Vouchers in Tally.

2 Mark(s)

Alt+A
Alt+S
Ctrl+F4
Ctrl+F5

The tax collected by the employer towards income of an employee is called

2 Mark(s)

Value Added Tax (VAT)
Fringe Benefit Tax (FBT)
Tax Collected at Source (TCS)
Tax Deducted at Source (TDS)

Bad loans in banking terminology are generally known as

2 Mark(s)

CBS
NPA
Prime Asset
BPOs

What is the TDS exemption limit for contractor and sub-contractor?

2 Mark(s)

1000
20000
5000
10000

To create Scenario which option requires to be activated?

2 Mark(s)

Use Rev journal & Optional voucher in F11
) Use Reversing voucher in F11
Use Optional voucher in F11
Use Rev Journal & Optional voucher in F12

In taxation, VAT stands for

2 Mark(s)

Value Approved Tax
Value Added Tax
Value Added Transaction
Value Assigned Tax

How many types of users are present in tally?

2 Mark(s)

1
2
3
4

What is the predefined number of groups in tally

2 Mark(s)

16
28
128
288

To get Payroll Reports choose

2 Mark(s)

Gateway of Tally > Display > Payroll Reports
Gateway of Tally > Display > Statement of Payroll
Gateway of Tally > Display > Statement of Accounts
Gateway of Tally > Display

To change Current Date from Gateway of Tally press the key

2 Mark(s)

F1
F2
F5
F9

In which voucher type, amount of VAT or TDS payable to the government will be noted?

2 Mark(s)

F4:Contra
F5:Payment
F6:Receipt
F7:Journal

Which ledger is created by Tally automatically as soon as we create a new company?

2 Mark(s)

Capital A/c.
Profit & Loss A/c
case
both b and c

Which option is used to open company created in Tally?

2 Mark(s)

Alter
Shut Company
Create Company
Select Company

_____ considers incoming money to be instantly available and reduction of cash to occur only on the date of actual outflow of money (instead of the date of transaction).

2 Mark(s)

Asset
) Accrual basis
Credit
Debits

To save entry without any amount, we have to use

2 Mark(s)

Allow O value entry
Use Rej. Notes
Maintain Multiple godown
cost center

_____ is the shortcut to vouchers as invoice from Accounting Vouchers in Tally.

2 Mark(s)

Alt+I
Ctrl+V
Ctrl+S
F10

Which shortcut key is used to shut opened company in Tally?

2 Mark(s)

F1
F3
Alt+F1
Alt+F3

Tally Prime With GST : Question 1 of 50