Tally Objective Questions in English {30 Questions}

Tally Objective Questions in English {30 Questions} – Here provide tally objective questions and answers in english. you can learn and practice questions.

Tally Objective Questions in English

1) We can show Bill wise details of Debtors and Creditors by activating

A) Maintain Bill by bill
B) Maintain Bill wise Details
C) Maintain References
D) None of these
Answer : B

2) How many inbuilt Accounts group are in tally by default

A) 29
B) 31
C) 25
D) 34
Answer : D

3) Suspense Account Group is defined under

A) Income
B) Expenditure
C) Liabilities
D) Assets
Answer : C

4) Manufacturing Journal creates based on

A) Journal
B) Receipt Note
C) Stock Journal
D) Purchase Quotation
Answer : C

5) To create Manufacturing Journal which option must be activated

A) Use Common Narration
B) Narrations for each entry
C) Prefilled with Zero
D) Use as manufacturing Journal
Answer : D

6) Single Entry mode is applicable for

A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these
Answer : D

7) Reversing journal is a

A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these
Answer : B

8) To hide the name of the Company you need to define

A) Security Control
B) Tally Audit
C) Create at least one User
D) Tally Vault Password
Answer : D

9) Goods returning to a Creditor after challan but before bill we need to pass

A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In
Answer : C

10) Branch / Division is a group defined under

A) Liabilities
B) Assets
C) Income
D) Expenditure
Answer : A

11) How many types of Measurement Units we can create in Tally

A) 2
B) 3
C) 5
D) Unlimited
Answer : A

12) To activate Job Costing which options require to be activated

A) Maintain Cost Centre
B) Use Cost Centre for Job Costing
C) Both A and B
D) None of these
Answer : C

13) In Tally, there are __ predefined ledgers.

A) One
B) Two
C) Three
D) Four
Answer : B

14) We can see list of Memorandum Vouchers from

A) Cash/Bank Books
B) Exception Reports
C) Accounts Books
D) Trial Balance
Answer : B

15) We can see Working Capital figure changing

A) Voucher configuration
B) Profit & Loss configuration
C) Balance Sheet configuration
D) Ledger configuration
Answer : C

16) We can get the report of Interest from

A) Account Books
B) Cash and Fund flow
C) Inventory Books
D) Statements of Accounts
Answer : D

17) To see reports of Job Work Analysis

A) Display > Statements of Accounts > Job Work Analysis
B) Display > Job Work In Reports > Job Work Analysis
C) Display > Statements of Accounts> Cost Centre > Job Work Analysis
D) None of these
Answer : B

18) To create Scenario which option requires to be activated

A) Use Rev Journal ; Optional voucher in F12
B) Use Optional voucher in F11
C) Use Reversing voucher in F11
D) Use Rev journal ; Optional voucher in F11
Answer : D

19) Optional Voucher is one type of

A) Conventional Voucher
B) Unconventional Voucher
C) Both A and B
D) None of these
Answer : B

20) List of Optional Voucher we can get from

A) Cash Bank Books
B) Exceptional Reports
C) Accounts Books
D) Balance Sheet
Answer : B

21) Transfer of materials from one godown to another godown, use

A) Manufacturing Journal
B) Stock Journal
C) Purchase Journal
D) Both A & B
Answer : B

22) Recording of actual stock as physically verified or counted is done through

A) Journal
B) Stock Journal
C) Physical Stock
D) Sales
Answer : C

23) Budget represents __

A) Estimation
B) Forecasting
C) Assumption
D) All of these
Answer : D

24) Find out which is not a Default Ledger in Tally

A) Cash in Hand
B) Capital Account
C) Profit & Loss
D) None of these
Answer : B

25) The Profit & Loss statement can be displayed in __ format(s).

A) Horizontal
B) Vertical
C) A or B
D) None of the above
Answer : C

26) We can create multiple users in Tally activating

A) Tally Audit
B) Use Security Control
C) Both (a) and (b)
D) None of these
Answer : B

27) ‘Allow components list details (Bill of Materials)’ option is activated for

A) Ledgers
B) Cost Category
C) Stock Items
D) Budgets
Answer : C

28) Retained Earnings is an alias of

A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments
Answer : B

29) We can use Stock Journal for

A) Production and Consumption
B) Inter Godown transfer for stock
C) Both (a) and (b)
D) None of these
Answer : C

30) Discount Column is available in

A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these
Answer : C