Tally Prime 100 MCQ Set 1
1. What type of application software is Tally?
A. Statistics package
B. Spreadsheet package
C. Accounting Package
D. All of these
2. Tally package is developed by
A. Peutronics
B. Tally Solutions
C. Coral Softwares
D. Vedika Softwares
3. Which menu appears after starting Tally for the first time?
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
4. Latest version of Tally package is....
A. 8.1
B. 4.93
C. 8.1
D. 5.5.2
5. Oldest version of tally was.........
A. 5.2
B. 5.5.2
C. 4.93
D. None of these
6. Which option is used in Tally to make changes in created company?
A. Select Company
B. Shut Company
C. Alter
D. None of these
7. Which option from Company Info. menu is selected to create a new Company in Tally?
A. Company Create
B. Create Company
C. Create
D. New Company
8. Which option is selected from Company Info Menu to divide company data into two
financial years?
A. Change Tally Vault
B. Alter
C. Split Company Data
D. New Company
9. Which option is used to copy company’s data into pen drive or CD?
A. Backup
B. Restore
C. Split Company Data
D. Copy Data
10. Which option is used to place data taken in pen drive or CD to Appropriate place in
Tally?
A. Backup
B. Restore
C. Split Company Data
D. None of these
1. c 2. a 3. b 4. d 5. d 6. c 7. b 8. c 9. a 10. b
11. How many type of company can be created in tally?
A. 2
B. 4
C. 1
D. None of these
12. Which option is used in Tally to close opened Company?
A. Alter
B. Shut Company
C. Create Company
D. Select Company
13. Which shortcut key is used to take print of any report in Tally?
A. Ctrl+P
B. Shift+P
C. Alt+P
D. Alt+Ctrl+P
14. Which shortcut key is used to export data of any company in Microsoft Excel
spreadsheet or in any other company?
A. Alt+P
B. Alt+E
C. Alt+O
D. Alt+S
15. Which shortcut key is used for Select Company in Tally?
A. F1
B. Alt+F1
C. F3
D. Alt+F3
16. Which shortcut key is used to shut opened company in Tally?
A. F1
B. Alt+F1
C. F3
D. Alt+F3
17. Which shortcut key is used to change current period in Tally?
A. F2
B. Alt+F2
C. F3
D. Alt+F3
18. Which option is used to move from one company to another when more than one
companies are open?
A. Company Info.
B. Shut Company
C. Select Company
D. Company
19. Which Shortcut key is pressed to create a new company in Tally?
A. F3
B. Alt+F3
C. F2
D. Alt+F2
20. Which Shortcut key is pressed to view features in Tally?
A. F10
B. F11
C. Alt+11
D. F12
21. Which shortcut key is used to view configure in Tally?
A. F10
B. F11
C. F12
D. Alt+F9
22. Which menu is used to create new ledgers, groups and voucher types in Tally?
A. Reports
B. Import
C. Transactions
D. Masters
23. Which submenu is used to create new ledgers, groups and voucher types in Tally?
A. Account Info.
B. Inventory Info.
C. Accounting Vouchers
D. Inventory Vouchers
24. With how many types ledger, group and voucher types can be created in Tally?
A. 2
B. 3
C. 4
D. 5
25. Which submenu is used for voucher entry in Tally?
A. Vouchers
B. Account Vouchers
C. Accounts Info.
D. None of these
26. Which option is used to exit Tally?
A. Exit
B. Close
C. Quit
D. Shut Company
27. Salary Account comes under which head?
A. Indirect Incomes
B. Indirect Expenses
C. Direct Incomes
D. Direct Expenses
28. How many groups are pre-defined in Tally?
A. 28
B. 30
C. 15
D. 19
29. How many primary groups are there in Tally?
A. 19
B. 28
C. 15
D. 20
30. How many secondary groups are there in Tally?
A. 15
B. 13
C. 28
D. 34
31. Which option is used to view list of Primary and Secondary groups in Tally?
A. List of Accounts
B. Accounts
C. List
D. None of these
32. Which ledger is created by Tally automatically as soon as we create a new company?
A. Cash
B. Profit & Loss A/c.
C. Capital A/c.
D. A and B both
33. Which option is used to make changes in created Groups of Ledgers in Tally?
A. Create
B. Display
C. Alter
D. Change
34. How many voucher types area readily available in Tally?
A. 18
B. 16
C. 20
D. 28
35. How many voucher types are provided in Tally to record transactions?
A. 2
B. 3
C. 4
D. 5
36. Which key is pressed to post entries in double entry accounting system instead of single
entry system in Tally.ERP9?
A. F11
B. F12
C. Alt+F11
D. Alt+F12
37. Which voucher type is used to transfer amount from one bank to another?
A. Contra
B. Payment
C. Receipt
D. Post-Dated
38. Rs.10, 000 withdrawn from State Bank. In which voucher type this transaction will be
recorded?
A. Payment
B. Receipt
C. Contra
D. Post-Dated
39. Where do we record transactions of salary, rent or interest paid?
A. Contra
B. Journal
C. Receipt
D. Payment
40. Where do we record interest received, commission received or rent received in Tally?
A. Contra
B. Payment
C. Receipt
D. Journal
41. Where do we record cash sales in Tally?
A. Contra
B. Receipt
C. Payment
D. Journal
42. Where do we record credit purchase of furniture in Tally?
A. Purchase
B. Payment
C. Receipt
D. Journal
43. Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally?
A. Journal
B. Payment
C. Contra
D. Receipt
44. Where do we record all type of adjustment entry in Tally?
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F4:Contra
45. Which shortcut key is pressed and then ‘yes’ is given in “Use Debit/Credit Noted” to
post entry in Credit Note and Debit Note in Tally?
A. Alt+F11
B. F11
C. F12
D. Alt+F12
46. In which voucher type credit purchase entry is posted in Tally?
A. F5:Payment
B. F7:Journal
C. F9:Purchase
D. F6:Receipt
47. In which voucher type credit sales is recorded in Tally?
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F8:Sales
48. Which shortcut key is used in ‘Company Feature’s screen to use Accounting Features in
Tally?
A. F1
B. F2
C. F3
D. F4
49. Which shortcut key is used in ‘Company Features’ screen to use Inventory Features in
Tally?
A. F1
B. F2
C. F3
D. F4
50. Which shortcut key is used in ‘Company Features’ Screen to use Statutory & Taxation
in Tally?
A. F3
B. F4
C. F2
D. F1
51. Which option is used to enable VAT, TDS, and Service Tax etc. in Tally?
A. Accounting Features
B. Statutory & Taxation
C. Inventory Features
D. None of these
52. Which key is used to post entry in Debit Note in tally?
A. F7
B. F8
C. Ctrl+F9
D. Ctrl+F8
53. Which key is used to post entry in Debit Note in Tally?
A. F8
B. F9
C. Ctrl+F8
D. Ctrl+F9
54. Which of the following equation is true for balance sheet?
A. Assets = Liabilities +Capital
B. Liabilities = Assets – Capital
C. Capital = Assets – Liabilities
D. All of these
55. Which shortcut key is used to view Report with all details in Tally?
A. F1
B. Alt + F1
C. F3
D. Alt + F2
56. How many options related to Company Features are there in F11: Features in Tally?
A. 3
B. 2
C. 4
D. 5
57. Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.?
A. Lts.
B. Nos.
C. Kgs.
D. Box.
58. Which shortcut key is pressed to display Part No. for automobile industries?
A. F1
B. F2
C. F11
D. F12
59. Which option is used to view Trial Balance from Gateway of Tally?
A. Gateway of Tally → Reports → Trial Balance
B. Gateway of Tally → Trial Balance
C. Gateway of Tally → Reports → Display → Trial Balance
D. None of these
60. Which option is true for viewing Profit & Loss A/C in Gateway of Tally?
A. Gateway of Tally → Reports → Profit & Loss A/C
B. Gateway of Tally → Display → Profit & Loss A/C
C. Gateway of Tally → Account Books → Profit & Loss A/C
D. None of these
61. What percent of additional Tax is applied in VAT is 4%?
A. 1%
B. 4%
C. 2.5%
D. 1.5%
62. What percent of Additional Tax is applied if VAT in 12.5%?
A. 1%
B. 2.5%
C. 4%
D. 1.5%
63. Which shortcut key is used to enable Value Added Tax?
A. F1
B. F5
C. F11
D. F12
64. Which shortcut key is pressed to set ‘Yes’ in “Allow Selection of VAT/Tax class during
entry?”
A. F11
B. F12
C. F3
D. F5
65. Which group [Under] is selected in Input VAT or Output VAT?
A. Duties & Taxes
B. Indirect Expenses
C. Direct Expenses
D. Sundry Creditors
66. Which group [Under] is selected in Input Additional Tax or Output Additional Tax?
A. Direct Expenses
B. Indirect Expenses
C. Duties & Taxes
D. Sundry Creditors
67. Which shortcut key is pressed to create a new Ledger during voucher entry?
A. Alt + C
B. Alt + X
C. Alt + D
D. Alt + A
68. Which shortcut key is pressed for voucher entry or deleting a ledger?
A. Alt + A
B. Alt + C
C. Alt + X
D. Alt + D
69. By default, which mode is on in Purchase and Sales voucher?
A. Norma Mode
B. Item Invoice Mode
C. Particulars Mode
D. None of these
70. Which step is followed to view Purchase Register?
A. Gateway of Tally → Display → Sales Register
B. Gateway of Tally → Account Books → Sales Register
C. Gateway of Tally → Display → Account Books → Purchase Register
D. None of these
71. By which report we can come to know if VAT is payable or refundable.
A. E-VAT forms
B. VAT Computation
C. VAT forms
D. None of these
72. Which will be group of VAT Adjustment ledger?
A. Indirect Expenses
B. Indirect Incomes
C. Duties & Taxes
D. None of these
73. TDS is applied on which of the following incomes?
A. Commission of lottery ticket
B. Professional Fee
C. Salary Income (Contract)
D. All of these
74. On which of the following incomes TDS in not applied?
A. Advertisement Income
B. Cable Operator
C. Rent income from land or home
D. Insurance Commission
75. According to law who has to pay TDS to the Income Tax Department?
A. Service Receiver
B. Service Receiver
C. Service Provider and Service Receiver both
D. There is no such provision
76. What is the TDS exemption limit for contractor and sub-contractor?
A. 5000
B. 10000
C. 20000
D. 50000
77. What is the TDS exemption limit for professional fees like Audit fees, Consultancy
fees, Training fees?
A. 15000
B. 20000
C. 25000
D. 50000
78. Which shortcut key is used to enable Tax Deducted at Source [TDS]?
A. F9
B. F11
C. F12
D. Alt + F12
79. Which step is appropriate to view TDS Nature of Payment?
A. Gateway of Tally → Display → TDS Nature of Payment
B. Gateway of Tally → Statutory Info. → TDS Nature of Payment
C. Gateway of Tally → Display → Statutory Info. → TDS Nature of Payment
80. Which group [Under] should be selected for TDS on Advertisement A/C?
A. Indirect Expenses
B. Duties & Taxes
C. Indirect Incomes
D. Sundry Creditors
81. Which group [Under] should be selected for TDS on Professional or Technical Services
A/C?
A. Indirect Expenses
B. Indirect Incomes
C. Duties & Taxes
D. None of these
82. In which voucher type entry is done for TDS calculations?
A. F5:Payment
B. F6:Receipt
C. F7:Journal
D. F4:Contra
83. In which voucher type, amount of VAT or TDS payable to the government will be
noted?
A. F5:Payment
B. F4:Contra
C. F6:Receipt
D. F7:Journal
84. Amount payable as TDS can be known by which report in Tally?
A. Computation
B. E-Return
C. Print Form 16A
D. Form-26
85. Which shortcut key is used to take print of VAT or TDS reports?
A. Ctrl + P
B. Shift + P
C. Alt + P
D. Ctrl + Alt + P
86. Which is the shortcut key to zoom TDS Challan?
A. Alt + P
B. Alt + Z
C. Ctrl + Z
D. Ctrl + Alt + Z
87. Which website should be visited to get any information related to TDS?
A. www.income tax.gov.in
B. www.incometax india.gov.in
C. www.tdsindia.gov.in
D. www.incometax india.org.in
88. Which option is used to print From 16A of TDS?
A. Gateway of Tally → StatutoryReport → Return → Print Form 16A
B. Gateway of Tally → Return → Print Form 16 A
C. Gateway of Tally → TDS Reports → Return → Print Form 16 A
D. Gateway of Tally → Display → Statutory Report → TDS Reports → Return →
Print Form 16A
89. Which shortcut key is used to set No in ‘Use Common Ledger A/c for Item Allocation?’
A. Alt + F11
B. F11
C. Alt + F12
D. F12
90. Which option is selected for different types of VAT entries in Purchase Invoice or Sales
Invoice?
A. Applicable VAT
B. Not Applicable
C. Not Applicable VAT
D. No Applicable
91. Which of the following is not compulsory to create while entry in Accounts with
Inventory?
A. Stock Groups
B. Stock Items
C. Stock Categories
D. Units of Measure
92. Which reports are prepared monthly in Tally?
A. Profit & Loss A/C
B. Balance Sheet
C. Trial Balance
D. Cash Flow of Funds Flow
93. VAT Structure is beneficial for whom?
A. Trader
B. Balance Sheet
C. Trial Balance
D. Cash Flow or Funds Flow
94. By which option Purchase or Sales register can be viewed?
A. Statutory Books
B. Inventory Books
C. Accounts Books
D. Display
95. Which option is used to view Stock Items or Group Summary?
A. Accounts Books
B. Inventory Books
C. Statutory Books
D. Display
96. Which option is used to view VAT or TDS computation?
A. Accounts Books
B. Statutory Books
C. Display
D. Inventory Books
97. Financial year normally ends no?
A. 30 April
B. 31 March
C. 1 April
D. 31 December
98. Default invoice mode is on for Sales or Purchase entry. Which key should be pressed
for entry of sales or Purchase as a voucher?
A. Alt + V
B. Ctrl + V
C. Alt + F8
D. Alt + F9
99. We can change the Company Information from
A. Company Info > Back up
B. Company Info > Alter
C. Company Info > Split Company Data
D. None of these
100. Company Restore option is available in
A. Company Features
B. Company Information
C. Configuration
D. None of these
| Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. | Q. No | Ans. |
| 1. | c | 11. | a | 21. | c | 31. | a | 41. | b | 51. | b | 61. | b | 71. | b | 81. | c | 91. | c |
| 2. | a | 12. | b | 22. | a | 32. | d | 42. | d | 52. | c | 62. | b | 72. | c | 82. | c | 92. | c |
| 3. | b | 13. | c | 23. | a | 33. | c | 43. | a | 53. | c | 63. | c | 73. | d | 83. | a | 93. | d |
| 4. | d | 14. | b | 24. | a | 34. | a | 44. | c | 54. | d | 64. | b | 74. | b | 84. | a | 94. | c |
| 5. | d | 15. | c | 25. | b | 35. | a | 45. | b | 55. | b | 65. | a | 75. | b | 85. | c | 95. | b |
| 6. | c | 16. | b | 26. | c | 36. | b | 46. | c | 56. | a | 66. | c | 76. | c | 86. | b | 96. | b |
| 7. | b | 17. | c | 27. | b | 37. | a | 47. | d | 57. | c | 67. | a | 77. | b | 87. | b | 97. | b |
| 8. | c | 18. | b | 28. | a | 38. | c | 48. | a | 58. | d | 68. | d | 78. | c | 88. | d | 98. | b |
| 9. | a | 19. | b | 29. | c | 39. | d | 49. | b | 59. | c | 69. | b | 79. | c | 89. | d | 99. | b |
| 10. | b | 20. | b | 30. | b | 40. | b | 50. | a | 60. | a | 70. | c | 80. | b | 90. | b | 100. | b |
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