Deck 1: Ledger Creation, Voucher Types, and Group Management

Question 1

Tally package is developed by

A)Peutronics
B)Tally Solutions
C)Coral Softwares
D)Vedika Softwares

Answer 1

Tally Solutions

Question 2

Which menu appears after starting Tally for the first time

A)Gateway of Tally
B)Company Info
C)Display
D)None of these

Answer 2

Company Info

Question 3

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

A)Select Company
B)Shut Company
C)Alter
D)None of these

Answer 3

Alter

Question 4

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

Question 5

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

Question 6

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

Question 7

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

Question 8

Which option is used to open company created in Tally

A)Create Company
B)Alter
C)Select Company
D)Shut Company

Question 9

Which option is used in Tally to close opened Company

A)Alter
B)Shut Company
C)Create Company
D)Select Company

Question 10

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

Question 11

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

A)Reports
B)Import
C)Transactions
D)Masters

Question 12

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

Question 13

Which submenu is used for voucher entry in Tally

A)Vouchers
B)Account Vouchers
C)Accounts Info
D)None of these

Question 14

Salary Account comes under which head

A)Indirect Incomes
B)Indirect Expenses
C)Direct Incomes
D)Direct Expenses

Question 15

How many groups are pre-defined in Tally

A)28
B)30
C)15
D)19

Question 16

How many primary groups are there in Tally

A)19
B)28
C)15
D)20

Question 17

How many secondary groups are there in Tally

A)15
B)13
C)28
D)3

Question 18

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

Question 19

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

Question 20

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

A)Create
B)Display
C)Alter
D)Change

Question 21

How many voucher types area readily available in Tally

A)18
B)16
C)20
D)28

Question 22

Which voucher type is used to transfer amount from one bank to another

A)Contra
B)Payment
C)Receipt
D)Post-Dated

Question 23

Rs.20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded

A)Payment
B)Receipt
C)Contra
D)Post-Dated

Question 24

Where do we record transactions of salary, rent or interest paid

A)Contra
B)Journal
C)Receipt
D)Payment

Question 25

Where do we record interest received, commission received or rent received in Tally

A)Contra
B)Payment
C)Receipt
D)Journal