Question 1

Tally package is developed by
A)Peutronics
B)Tally Solutions
C)Coral Softwares
D)Vedika Softwares

Accepted Answer

Tally Solutions is the company that developed the Tally software, which is widely used for accounting, inventory management, and payroll.

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

Accepted Answer

When Tally is started for the first time, the "Company Info" menu appears, allowing users to create a new company, select an existing company, or perform other company-related tasks.

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

Accepted Answer

The "Alter" option in Tally is used to make changes to the details of a company that has already been created.

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

Accepted Answer

The correct option to create a new company in Tally from the Company Info. menu is "Create 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

Accepted Answer

The correct option for dividing company data into two financial years from the Company Info Menu in Tally is "Split Company Data". This feature allows users to split the financial data of a company into separate entities based on different financial years, facilitating easier management and reporting.

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

Accepted Answer

Backup is the correct option because it involves creating a copy of the company's data that can be saved to an external storage device like a pen drive or CD for safekeeping or transfer purposes.

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

Accepted Answer

The "Restore" option in Tally is used to place data taken from an external source like a pen drive or CD back into the appropriate place within the Tally software. This is typically used to recover data or to move data from one system to another.

Question 8

Which option is used to open company created in Tally
A)Create Company
B)Alter
C)Select Company
D)Shut Company

Accepted Answer

"Select Company" is the option used to open a company that has already been created in Tally. This option allows users to choose from a list of existing companies within Tally to work on.

Question 9

Which option is used in Tally to close opened Company
A)Alter
B)Shut Company
C)Create Company
D)Select Company

Accepted Answer

The correct option is "Shut Company" as it is used to close an opened company in Tally.

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

Accepted Answer

The answer of Which option is used to move from...

Question 11

Which menu is used to create new ledgers, groups and voucher types in Tally
A)Reports
B)Import
C)Transactions
D)Masters

Accepted Answer

The "Masters" menu in Tally is used to create new ledgers, groups, and voucher types, as it contains options for defining and managing the fundamental building blocks of the accounting system.

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

Accepted Answer

Account Info submenu in Tally is used to create new ledgers, groups, and voucher types.

Question 13

Which submenu is used for voucher entry in Tally
A)Vouchers
B)Account Vouchers
C)Accounts Info
D)None of these

Accepted Answer

The "Account Vouchers" submenu is used for voucher entry in Tally, where users can record various types of financial transactions.

Question 14

Salary Account comes under which head
A)Indirect Incomes
B)Indirect Expenses
C)Direct Incomes
D)Direct Expenses

Accepted Answer

The answer of Salary Account comes under which head
A)Indirect Incomes
B)Indirect...

Question 15

How many groups are pre-defined in Tally
A)28
B)30
C)15
D)19

Accepted Answer

Tally, an accounting software, comes with 28 pre-defined groups to help organize financial data efficiently.

Question 16

How many primary groups are there in Tally
A)19
B)28
C)15
D)20

Accepted Answer

The answer of How many primary groups are there in...

Question 17

How many secondary groups are there in Tally
A)15
B)13
C)28
D)3

Accepted Answer

Secondary groups in Tally are used to group similar types of transactions. There are 13 secondary groups in Tally.

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

Accepted Answer

The "List of Accounts" option in Tally is used to view the list of Primary and Secondary groups.

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

Accepted Answer

Tally automatically creates both the Cash ledger and the Profit & Loss A/c ledger when a new company is created.

Question 20

Which option is used to make changes in created Groups of Ledgers in Tally
A)Create
B)Display
C)Alter
D)Change

Accepted Answer

The "Alter" option in Tally is used to make changes to already created groups of ledgers.

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

Tally package is developed by

Which menu appears after starting Tally for the first time

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

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

Which option is selected from Company Info Menu to divide company data into two financial years

Which option is used to copy company?s data into pen drive or CD

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

Which option is used to open company created in Tally

Which option is used in Tally to close opened Company

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

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

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

Which submenu is used for voucher entry in Tally

Salary Account comes under which head

How many groups are pre-defined in Tally

How many primary groups are there in Tally

How many secondary groups are there in Tally

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

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

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