Tally MCQ Test

1. What is Tally ERP 9 mainly used for?

• A. Playing games
• B. Recording business money transactions
• C. Designing graphics
• D. Writing books

Answer: Recording business money transactions

2. When creating a company in Tally, which detail is required?

• A. Company name and financial year
• B. Laptop model
• C. Employee names
• D. Printer type

Answer: Company name and financial year

3. What is a Ledger Account in Tally?

• A. A list of employees
• B. A category to record transactions
• C. A shopping list
• D. An online wallet

Answer: A category to record transactions

4. Which voucher would you use to record a sale?

• A. Sales Voucher
• B. Expense Voucher
• C. Contra Voucher
• D. Receipt Voucher

Answer: Sales Voucher

5. Which report helps check if all ledger accounts are recorded correctly?

• A. Profit & Loss
• B. Trial Balance
• C. Balance Sheet
• D. Day Book

Answer: Trial Balance

6. Tally ERP 9 can be thought of as:

• A. A typewriter
• B. A digital notebook for business money
• C. A game
• D. A photo editor

Answer: A digital notebook for business money

7. Why is Tally ERP 9 useful for businesses?

• A. It cooks food
• B. It tracks earnings, spending, and balances
• C. It designs buildings
• D. It manages social media

Answer: It tracks earnings, spending, and balances

8. Which part of Tally allows you to see financial activities at a glance?

• A. Reports
• B. Games
• C. Emails
• D. Chatbox

Answer: Reports

9. If Sunny’s Lemonade Stand earned ₹200, which ledger would record it?

• A. Expenses Ledger
• B. Sales Ledger
• C. Assets Ledger
• D. Trial Balance

Answer: Sales Ledger

10. In the practice activity, which ledger is used to record lemons and sugar bought?

• A. Sales
• B. Expenses
• C. Bank Accounts
• D. Capital

Answer: Expenses

11. Which Tally feature shows earnings vs. expenses together?

• A. Trial Balance
• B. Ledger Creation
• C. Voucher Entry
• D. Gateway of Tally

Answer: Trial Balance

12. What should you always check while entering transactions?

• A. Color scheme
• B. Printer ink
• C. Accuracy of entries
• D. Internet speed

Answer: Accuracy of entries

13. Which part of Tally’s interface records daily transactions?

• A. Reports
• B. Vouchers
• C. Settings
• D. Company Info

Answer: Vouchers

14. Consistency in Tally means:

• A. Changing company name daily
• B. Regularly updating records
• C. Formatting the computer
• D. Switching vouchers randomly

Answer: Regularly updating records

15. Which advice helps you become more comfortable with Tally?

• A. Avoid using it often
• B. Practice regularly
• C. Only use it once a year
• D. Do not record expenses

Answer: Practice regularly

16. What is Tally mainly used for?

• A. Gaming
• B. Financial and inventory management
• C. Web designing
• D. Social media marketing

Answer: Financial and inventory management

17. Which version of Tally is widely used in India?

• A. Tally 5.4
• B. Tally 7.2
• C. Tally ERP 9
• D. Tally Prime

Answer: Tally ERP 9

18. Tally ERP 9 is especially popular among:

• A. Large corporations only
• B. Small and medium-sized businesses
• C. Farmers only
• D. Government employees

Answer: Small and medium-sized businesses

19. Which of the following is NOT a feature of Tally?

• A. Financial management
• B. Inventory management
• C. Video editing
• D. Multi-language support

Answer: Video editing

20. Why is Tally important in business?

• A. It reduces electricity use
• B. It records and reports transactions easily
• C. It provides entertainment
• D. It works without learning accounting

Answer: It records and reports transactions easily

21. Which type of report can Tally generate instantly?

• A. Weather report
• B. Profit & Loss
• C. Movie ratings
• D. Sports scores

Answer: Profit & Loss

22. What does accounting mean?

• A. Designing websites
• B. Maintaining proper records of transactions
• C. Cooking food
• D. Sending emails

Answer: Maintaining proper records of transactions

23. If you take a ₹10,000 loan, it is classified as:

• A. Expense
• B. Income
• C. Liability
• D. Asset

Answer: Liability

24. If you buy goods worth ₹50,000, it is recorded as:

• A. Expense
• B. Purchase
• C. Sales
• D. Profit

Answer: Purchase

25. Which is correct? Tally is to accounting as:

• A. MS Word is to documents
• B. MS Paint is to music
• C. Excel is to movies
• D. Photoshop is to sports

Answer: MS Word is to documents

26. Before learning Tally, what must you understand?

• A. Programming
• B. Basic accounting rules
• C. Cooking
• D. Digital marketing

Answer: Basic accounting rules

27. How many main categories of accounts exist in accounting?

• A. 2
• B. 3
• C. 4
• D. 5

Answer: 3

28. Which type of account is related to individuals or organizations?

• A. Real Account
• B. Personal Account
• C. Nominal Account
• D. Capital Account

Answer: Personal Account

29. HDFC Bank account belongs to which category?

• A. Nominal Account
• B. Real Account
• C. Personal Account
• D. Expense Account

Answer: Personal Account

30. Cash, Machinery, Furniture are examples of:

• A. Personal Accounts
• B. Nominal Accounts
• C. Real Accounts
• D. Income Accounts

Answer: Real Accounts

31. Salary and Rent are examples of which type of account?

• A. Real Account
• B. Personal Account
• C. Nominal Account
• D. Capital Account

Answer: Nominal Account

32. Which account type includes owner’s investment and withdrawal?

• A. Personal Account
• B. Real Account
• C. Nominal Account
• D. Capital & Drawings

Answer: Personal Account

33. In the example 'Ram gives ₹5,000 to Rahul', which account is personal?

• A. Cash
• B. Rahul
• C. Salary
• D. Furniture

Answer: Rahul

34. In the same example, which account is real?

• A. Cash
• B. Rahul
• C. Commission
• D. Rent

Answer: Cash

35. To learn Tally efficiently, you should:

• A. Memorize shortcuts only
• B. Ignore accounting concepts
• C. Learn basic accounting and practice real examples
• D. Only read theory

Answer: Learn basic accounting and practice real examples

36. How many main types of accounts are there in accounting?

• A. 2
• B. 3
• C. 4
• D. 5

Answer: 3

37. Which of the following is an example of a Personal Account?

• A. Cash
• B. Furniture
• C. Mohan
• D. Salary

Answer: Mohan

38. Which of the following is an example of a Real Account?

• A. Rent
• B. Cash
• C. Commission
• D. Discount Received

Answer: Cash

39. Which of the following is a Nominal Account?

• A. Building
• B. Shyam
• C. Salary
• D. HDFC Bank

Answer: Salary

40. What is the Golden Rule for Personal Accounts?

• A. Debit what comes in, Credit what goes out
• B. Debit the Receiver, Credit the Giver
• C. Debit all expenses, Credit all incomes
• D. Debit cash, Credit profit

Answer: Debit the Receiver, Credit the Giver

41. What is the Golden Rule for Real Accounts?

• A. Debit the Receiver, Credit the Giver
• B. Debit what comes in, Credit what goes out
• C. Debit all expenses, Credit all incomes
• D. Debit loss, Credit gain

Answer: Debit what comes in, Credit what goes out

42. What is the Golden Rule for Nominal Accounts?

• A. Debit all expenses and losses, Credit all incomes and gains
• B. Debit the Receiver, Credit the Giver
• C. Debit what comes in, Credit what goes out
• D. Debit balance, Credit account

Answer: Debit all expenses and losses, Credit all incomes and gains

43. In the example 'You gave ₹5000 to Mohan', which account is Debited?

• A. You
• B. Mohan
• C. Cash
• D. Profit

Answer: Mohan

44. In the same example, what is Credited?

• A. Mohan
• B. Cash
• C. Furniture
• D. Rent

Answer: Cash

45. You buy a computer for office with cash. Which account is Debited?

• A. Cash
• B. Computer
• C. Profit
• D. Bank

Answer: Computer

46. When you buy a computer, which account is Credited?

• A. Cash
• B. Computer
• C. Building
• D. Capital

Answer: Cash

47. You pay ₹2000 rent. Which account is Debited?

• A. Cash
• B. Rent
• C. Sales
• D. Capital

Answer: Rent

48. In the same rent example, which account is Credited?

• A. Sales
• B. Cash
• C. Commission
• D. Income

Answer: Cash

49. Expenses are always:

• A. Credited
• B. Debited
• C. Balanced
• D. Ignored

Answer: Debited

50. Incomes and Gains are always:

• A. Debited
• B. Credited
• C. Neutral
• D. Loss

Answer: Credited

51. Receiver in Personal Account is always:

• A. Credited
• B. Debited
• C. Ignored
• D. Balanced

Answer: Debited

52. Giver in Personal Account is always:

• A. Debited
• B. Credited
• C. Neutral
• D. Loss

Answer: Credited

53. In Real Account, things that come in are:

• A. Credited
• B. Debited
• C. Balanced
• D. Loss

Answer: Debited

54. In Real Account, things that go out are:

• A. Debited
• B. Credited
• C. Balanced
• D. Neutral

Answer: Credited

55. In the example of buying a mobile for ₹5000, what is Debited?

• A. Cash
• B. Mobile
• C. Profit
• D. Capital

Answer: Mobile

56. In the mobile purchase example, what is Credited?

• A. Cash
• B. Mobile
• C. Furniture
• D. Commission

Answer: Cash

57. If Rahul pays ₹3000 for electricity bill, which account is Debited?

• A. Cash
• B. Electricity Expense
• C. Rahul
• D. Capital

Answer: Electricity Expense

58. In the electricity bill example, which account is Credited?

• A. Bank
• B. Cash
• C. Profit
• D. Income

Answer: Cash

59. Golden Rules help us decide:

• A. Voucher type
• B. Debit and Credit side
• C. Company name
• D. Ledger code

Answer: Debit and Credit side

60. Which account is affected when cash is given to an individual?

• A. Real and Nominal
• B. Personal and Real
• C. Only Personal
• D. Only Nominal

Answer: Personal and Real

61. Rent paid is recorded under which account type?

• A. Personal
• B. Real
• C. Nominal
• D. Capital

Answer: Nominal

62. Furniture bought is recorded under which account type?

• A. Personal
• B. Real
• C. Nominal
• D. Profit

Answer: Real

63. Salary received is recorded as:

• A. Expense → Debit
• B. Income → Credit
• C. Loss → Debit
• D. Capital → Credit

Answer: Income → Credit

64. Capital invested by the owner is part of:

• A. Personal Account
• B. Real Account
• C. Nominal Account
• D. Liability

Answer: Personal Account

65. Before making an entry in Tally, you should first ask:

• A. What kind of account is it?
• B. What time is it?
• C. Which software version?
• D. How many employees?

Answer: What kind of account is it?

66. What is Tally primarily used for?

• A. Graphic Design
• B. Accounting
• C. Programming
• D. Data Analysis

Answer: Accounting

67. Which version of Tally is widely used?

• A. Tally 6.3
• B. Tally 7.2
• C. Tally ERP 9
• D. Tally Prime

Answer: Tally Prime

68. How can you create a new company in Tally?

• A. Load Existing Company
• B. Create New Company
• C. Company Management
• D. New File

Answer: Create New Company

69. What is the default currency in Tally?

• A. Dollar
• B. Pound
• C. INR
• D. Euro

Answer: INR

70. Which key is used to open the Gateway of Tally?

• A. F1
• B. F2
• C. F3
• D. F4

Answer: F1

71. What is the primary function of the 'Vouchers' menu in Tally?

• A. View Reports
• B. Record Transactions
• C. Manage Inventory
• D. Create Companies

Answer: Record Transactions

72. Which shortcut key is used to display the Day Book in Tally?

• A. F2
• B. F4
• C. F5
• D. F3

Answer: F3

73. In Tally, what does a 'Ledger' refer to?

• A. A financial statement
• B. A type of report
• C. An account for transactions
• D. A database entry

Answer: An account for transactions

74. What does 'GST' stand for in Tally?

• A. General Sales Tax
• B. Goods and Services Tax
• C. Government Sales Tax
• D. Global Service Tax

Answer: Goods and Services Tax

75. Which option allows you to view the profit & loss account?

• A. Accounts Info
• B. Inventory Reports
• C. Reports
• D. Tax Reports

Answer: Reports

76. What is the function of Tally's 'Inventory' feature?

• A. Record expenses
• B. Manage payroll
• C. Create invoices
• D. Track stock

Answer: Track stock

77. Which editor can be used to prepare Tally reports?

• A. Notepad
• B. Tally Editor
• C. Excel
• D. SAP

Answer: Tally Editor

78. What is the shortcut to delete a voucher in Tally?

• A. Alt+D
• B. Alt+R
• C. Alt+E
• D. Alt+S

Answer: Alt+D

79. What key is used to save a transaction in Tally?

• A. F2
• B. F5
• C. Ctrl+A
• D. Ctrl+S

Answer: Ctrl+A

80. If you want to change the date in a voucher entry, what should you do?

• A. Press F1
• B. Change it manually
• C. Press Ctrl+D
• D. Press F2

Answer: Press F2

81. What feature helps in tax calculation in Tally?

• A. Audit Report
• B. Tax Calculation Tool
• C. Auto Tax
• D. GST Filing Utility

Answer: GST Filing Utility

82. What does 'Single Entry System' refer to in Tally?

• A. Complete transaction entry
• B. Recording only one type of transaction
• C. Simple record keeping
• D. Incomplete records

Answer: Simple record keeping

83. In Tally, what is the purpose of 'Backup'?

• A. To save power
• B. To keep data safe
• C. To delete records
• D. To create reports

Answer: To keep data safe

84. What feature allows you to import/export data in Tally?

• A. Data Transfer
• B. Data Synchronization
• C. Bulk Entry
• D. Gateway of Tally

Answer: Data Transfer

85. Which report gives insight into outstanding receivables?

• A. Trial Balance
• B. Outstanding Report
• C. Balance Sheet
• D. Cash Flow Statement

Answer: Outstanding Report

86. What is the purpose of the 'Petty Cash Book' in Tally?

• A. Track fixed assets
• B. Manage revenue
• C. Prepare budgets
• D. Record small expenses

Answer: Record small expenses

87. What does Tally's 'CST' feature manage?

• A. Central Sales Tax
• B. Calculated Sales Tax
• C. Consumer Sales Tax
• D. Capital Sales Tax

Answer: Central Sales Tax

88. Which Tally feature allows physical stock verification?

• A. Reconciliation
• B. Inventory Management
• C. Stock Audit
• D. Trial Balance

Answer: Stock Audit

89. What does the 'Repayment Voucher' in Tally represent?

• A. Recording asset acquisition
• B. Recording loan repayments
• C. Recording sales
• D. Recording expenses

Answer: Recording loan repayments

90. Which option in Tally allows you to generate an invoice?

• A. Sales Voucher
• B. Purchase Voucher
• C. Journal Entry
• D. Payment Entry

Answer: Sales Voucher

91. Which of the following is NOT a primary feature of Tally?

• A. Inventory Management
• B. Project Management
• C. Accounting
• D. Taxation

Answer: Project Management

92. To view the account balance in Tally, what should you do?

• A. Access Ledger
• B. View Trial Balance
• C. Check Balance Sheet
• D. All of the above

Answer: All of the above

93. What is Tally's 'Stock Summary' report used for?

• A. To view total liabilities
• B. To summarize inventory data
• C. To track sales figures
• D. To analyze expense patterns

Answer: To summarize inventory data

94. Which shortcut key allows you to switch to another company?

• A. F1
• B. F3
• C. F2
• D. F4

Answer: F2

95. What does Tally's 'Multi-Currency' feature allow you to do?

• A. Store company data
• B. Access various reports
• C. Integrate with international banks
• D. Record transactions in multiple currencies

Answer: Record transactions in multiple currencies

96. Which report is essential for understanding financial performance over a period?

• A. Balance Sheet
• B. Cash Book
• C. Stock Summary
• D. Ledger

Answer: Balance Sheet

97. What is the function of Tally's 'Cost Center' feature?

• A. To manage debts
• B. To monitor expenses for specific projects
• C. To track inventory costs
• D. To create ledgers

Answer: To monitor expenses for specific projects

98. What does 'Reversal of Entry' mean in Tally?

• A. Editing a voucher
• B. Deleting a transaction
• C. Creating a new record
• D. Undoing a transaction

Answer: Undoing a transaction

99. What is the key benefit of Tally's 'Grouping' feature?

• A. Easier data entry
• B. Simplifies report generation
• C. Organizes account types
• D. Boosts software speed

Answer: Organizes account types

100. To enable 'Inventory Management' in Tally, what must be done in company settings?

• A. Activate the inventory option
• B. Set up liabilities
• C. Clear previous data
• D. Create a new gateway

Answer: Activate the inventory option

101. What is the value added by Tally's 'Integrated Taxation'?

• A. Automatic tax calculation
• B. Easier data entry
• C. Faster processing
• D. Improved graphics

Answer: Automatic tax calculation

102. What type of report can you generate using 'Sales Analysis'?

• A. Product performance report
• B. Cash flow report
• C. Outstanding payments
• D. Vendor details

Answer: Product performance report

103. What feature would you use for budgeting in Tally?

• A. Account Groups
• B. Cost Centers
• C. Stock Items
• D. Transaction Vouchers

Answer: Cost Centers

104. Which option is used to manage fixed assets in Tally?

• A. Inventory Module
• B. Purchase Module
• C. Fixed Assets Module
• D. Asset Management

Answer: Fixed Assets Module

105. How do you enable GST features in Tally?

• A. Set up new company
• B. Enable GST option in settings
• C. Create vouchers
• D. Account for previous transactions

Answer: Enable GST option in settings

106. What is the function of 'Purchase Order' in Tally?

• A. Record purchases
• B. Plan future purchases
• C. Track sales
• D. Manage inventory

Answer: Plan future purchases

107. What does the shortcut key 'Esc' do in Tally?

• A. Save changes
• B. Delete entry
• C. Close Tally
• D. Cancel current operation

Answer: Cancel current operation

108. When a voucher is modified in Tally, what does it affect?

• A. Only the cash balance
• B. Overall transaction record
• C. Reports related to the voucher
• D. None of the above

Answer: Overall transaction record

109. What would you use a 'Sales Register' report for in Tally?

• A. To track cash transactions
• B. To analyze sales data
• C. To manage vendor payments
• D. To view inventory levels

Answer: To analyze sales data

110. What does Tally primarily focus on?

• A. Graphic Design
• B. Accounting
• C. Data Analysis
• D. Project Management

Answer: Accounting

111. In Tally, how can you create a new company?

• A. File > New Company
• B. Gateway of Tally > Create Company
• C. Accounts Info > Create Company
• D. Company Info > Create Company

Answer: Company Info > Create Company

112. What is a 'Ledger' in Tally?

• A. A type of currency
• B. A tool for data entry
• C. An account for recording transactions
• D. A report generator

Answer: An account for recording transactions

113. Which feature in Tally is used for managing inventory?

• A. Payroll
• B. Inventory Management
• C. Ledger
• D. Balance Sheet

Answer: Inventory Management

114. What does 'GST' stand for in the context of Tally?

• A. General Service Technology
• B. Goods and Services Tax
• C. Global Sales Total
• D. General Savings Total

Answer: Goods and Services Tax

115. What is the function of the 'F2: Date' key in Tally?

• A. Change the company's financial year
• B. Modifies the voucher date
• C. Adjusts the system date
• D. Displays the current date report

Answer: Modifies the voucher date

116. What is a 'Voucher' in Tally?

• A. A type of report
• B. An inventory item
• C. A document recording a transaction
• D. A user permission setting

Answer: A document recording a transaction

117. How do you back up data in Tally?

• A. File > Backup
• B. Gateway of Tally > Backup
• C. Company Info > Backup
• D. Data Configuration > Backup

Answer: Company Info > Backup

118. What is the shortcut key to view the balance sheet in Tally?

• A. F1
• B. F2
• C. F3
• D. F4

Answer: F4

119. What is the use of the 'F11: Features' option in Tally?

• A. To change company information
• B. To access Tally's advanced features
• C. To check software updates
• D. To create a new ledger

Answer: To access Tally's advanced features

120. In Tally, what is 'Direct Income'?

• A. Income earned through non-business activities
• B. Income that affects the profit and loss directly
• C. Income from investments
• D. Income generated from sales

Answer: Income that affects the profit and loss directly

121. How do you activate GST in Tally?

• A. Gateway of Tally > F11: Features > F3: Statutory
• B. Gateway of Tally > Accounts Info > GST
• C. Company Info > Create Company > Enable GST
• D. Gateway of Tally > Inventory Info > GST

Answer: Gateway of Tally > F11: Features > F3: Statutory

122. What is a 'Group' in Tally?

• A. A collection of ledgers
• B. A type of voucher
• C. A report format
• D. A company file

Answer: A collection of ledgers

123. Which of these is a type of voucher in Tally?

• A. Sales Order
• B. Purchase Order
• C. Receipt
• D. Invoice

Answer: Receipt

124. What does the term 'Reconciling' refer to in Tally?

• A. Adjusting entries for closing stock
• B. Ensuring the ledger balances match the bank statements
• C. Correcting errors in entries
• D. Balancing debits and credits

Answer: Ensuring the ledger balances match the bank statements

125. What is the shortcut key for duplicating a voucher in Tally?

• A. Alt + 2
• B. Ctrl + 2
• C. Alt + D
• D. Ctrl + D

Answer: Alt + 2

126. How do you generate a Profit & Loss statement in Tally?

• A. Gateway of Tally > Display > Profit & Loss
• B. Gateway of Tally > Accounts Info > Profit & Loss
• C. Company Info > Profit & Loss
• D. Gateway of Tally > Balance Sheet > Profit & Loss

Answer: Gateway of Tally > Display > Profit & Loss

127. What is 'Cost Centre' in Tally?

• A. A segment for tracking expenses and revenues
• B. A department within a company
• C. A tool for cost analysis
• D. A budgeting feature

Answer: A segment for tracking expenses and revenues

128. How can you view the trial balance in Tally?

• A. Gateway of Tally > Trial Balance
• B. Gateway of Tally > Display > Trial Balance
• C. Company Info > Trial Balance
• D. Accounts Info > Trial Balance

Answer: Gateway of Tally > Display > Trial Balance

129. What does the shortcut Alt+C do?

• A. Create a New Ledger
• B. Create a New Group
• C. Copy Text
• D. Create a New Company

Answer: Create a New Ledger

130. Which feature in Tally is used to track stock movements?

• A. Inventory Info
• B. Voucher Entry
• C. Stock Summary
• D. Statutory Info

Answer: Stock Summary

131. In Tally, which shortcut opens the Day Book?

• A. F4
• B. F5
• C. F6
• D. F2

Answer: F5

132. What does the shortcut Ctrl+A do in Tally?

• A. Save
• B. Cancel
• C. Accept
• D. Add Ledger

Answer: Accept

133. What is the function of the F2 key in Tally?

• A. Change Date
• B. Select Company
• C. Save Report
• D. Switch to Calculator

Answer: Change Date

134. Which feature in Tally is used to enter transactions?

• A. Gateway of Tally
• B. Display
• C. Vouchers
• D. Account Info

Answer: Vouchers

135. What does F5 represent in Tally?

• A. Payment Voucher
• B. Receipt Voucher
• C. Contra Voucher
• D. Sales Voucher

Answer: Payment Voucher

136. Which menu in Tally is used to generate balance sheet reports?

• A. Gateway of Tally
• B. Display
• C. Account Info
• D. Inventory Info

Answer: Display

137. What is the function of Ctrl+M in Tally?

• A. Return to Tally Main Screen
• B. Open Multi-currency
• C. Open Calculator
• D. Exit Tally

Answer: Return to Tally Main Screen

138. What does the shortcut Alt+E do in Tally?

• A. Import
• B. Edit Ledger
• C. Erase
• D. Export

Answer: Export

139. What is the purpose of the Ctrl+Enter shortcut?

• A. Accept
• B. Alter Master
• C. Cancel
• D. Copy

Answer: Alter Master

140. In Tally, what does the F8 key stand for?

• A. Purchase Voucher
• B. Sales Voucher
• C. Receipt Voucher
• D. Payment Voucher

Answer: Sales Voucher

141. What does the shortcut Alt+D do in Tally?

• A. Duplicate
• B. Display
• C. Delete
• D. Close

Answer: Delete

142. Which shortcut in Tally opens the 'Accounting Voucher Creation' screen?

• A. F9
• B. F7
• C. F4
• D. F5

Answer: F7

143. What does F7 represent in Tally?

• A. Journal Voucher
• B. Sales Voucher
• C. Payment Voucher
• D. Receipt Voucher

Answer: Journal Voucher

144. Which shortcut is used to create a ledger in Tally?

• A. Ctrl+L
• B. Alt+N
• C. Ctrl+N
• D. Alt+C

Answer: Alt+C

145. In Tally, what is F9 used for?

• A. Sales Voucher
• B. Payment Voucher
• C. Contra Voucher
• D. Purchase Voucher

Answer: Purchase Voucher

146. Which menu option displays financial statements in Tally?

• A. Account Info
• B. Inventory Info
• C. Statutory Info
• D. Display

Answer: Display

147. What is the use of the 'Group' feature in Tally?

• A. Create Ledgers
• B. Organize Ledgers
• C. Enter Transactions
• D. Generate Reports

Answer: Organize Ledgers

148. What does Alt+G do in Tally?

• A. Group Company
• B. Go to Report
• C. Go to Gateway
• D. Generate Report

Answer: Go to Report

149. In Tally, which key opens the ledger creation screen?

• A. Alt+L
• B. Alt+C
• C. Ctrl+C
• D. Ctrl+N

Answer: Alt+C

150. What does the shortcut Ctrl+L do in Tally?

• A. Toggle Report Filters
• B. Log Out
• C. Open Ledger
• D. Open Calculator

Answer: Open Ledger

151. Which key combination opens a new company in Tally?

• A. Alt+F3
• B. Ctrl+N
• C. F12
• D. Ctrl+Alt+N

Answer: Alt+F3

152. In Tally, which option allows you to modify a ledger?

• A. Edit
• B. Modify
• C. Alter
• D. Change

Answer: Alter

153. What does the F1 key open in Tally?

• A. Select Company
• B. Reports
• C. Help
• D. Create Ledger

Answer: Select Company

154. What does the shortcut Alt+R do in Tally?

• A. Recalculate
• B. Receipt Entry
• C. Reverse Entry
• D. Create Report

Answer: Receipt Entry

155. In Tally, which shortcut key opens the profit and loss report?

• A. Alt+F1
• B. F8
• C. F10
• D. F11

Answer: F10

156. Which of the following can be managed in Tally?

• A. Inventory
• B. Payroll
• C. Accounts
• D. All of the above

Answer: All of the above

157. In Tally, which feature is used to manage tax compliance?

• A. Statutory Info
• B. Inventory Info
• C. Accounts Info
• D. Display

Answer: Statutory Info

158. What does the shortcut Alt+W do in Tally?

• A. Open Stock Summary
• B. Create Purchase Voucher
• C. Switch to Calculator
• D. Write-Off Entry

Answer: Write-Off Entry

159. Which report shows outstanding payables and receivables in Tally?

• A. Balance Sheet
• B. Cash Flow
• C. Outstanding Report
• D. Profit and Loss

Answer: Outstanding Report

160. In Tally, what is the purpose of the 'Voucher Class' feature?

• A. Automate Entries
• B. Export Data
• C. Create Groups
• D. Manage Ledgers

Answer: Automate Entries

161. What is the use of Alt+F2 in Tally?

• A. Change Period
• B. Change Date
• C. Add Voucher
• D. Close Period

Answer: Change Date

162. What does the shortcut Alt+S do in Tally?

• A. Create Stock Journal
• B. Save
• C. Display Summary
• D. Switch Company

Answer: Create Stock Journal

163. What is 'Godown' in Tally?

• A. Sales Ledger
• B. Voucher Type
• C. Warehouse
• D. Company Group

Answer: Warehouse

164. In Tally, what does 'Ctrl+R' do?

• A. Refresh
• B. Recalculate
• C. Restart
• D. Repeat

Answer: Repeat

165. Which shortcut shows the balance sheet in Tally?

• A. F1
• B. F12
• C. F10
• D. F9

Answer: F10