Tally Online Test Paper Question and Answers

Nitin Walthare
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Tally Online Test Paper Objective Questions and Answers

In this article, I give you the Tally Online Test paper question and answers which are commonly asked in the tally exam.

Tally Online Test Paper Question and Answers:

1.The shortcut key for the journal voucher is _______.

A.F7           B.F8          C.F9          D.F10

2.Shortcut key for purchase voucher is _________.

A.F7           B.F8           C.F9           D.F10

3.Cost center is used for ________.

A.Manage Expenses          B.Manage Stock          C.Manage Profit           D.Manage Sales

4.Shortcut key for change date is _________.

A.Ctrl+N          B.Ctrl+C          C.Ctrl+M        D.Ctrl+O

5.Shortcut key for change period is __________.

A.F2              B.Ctrl+F2             C.Alt+F2              D.Alt+F4

6.Shortcut key for company features is _________.

A.F12             B.F8              C.F1            D.F11

7.Shortcut key for Delete company is ___________.

A.Ctrl+D            B.Delete           C.Alt+D           D.Shift+Delete

8.Shortcut key for company information is ___________.

A.Alt+F1           B.Alt+F2           C.Alt+F3           D.Alt+F4

9.Shortcut key for calculator is _______.

A.Ctrl+N         B.Ctrl+C         C.Ctrl+M           D.Ctrl+O

10.Shortcut key for creating ledger in voucher entry is _________.

A.Alt+C            B.Ctrl+C          C.Ctrl+Enter          D.Shift+Enter

11.Shortcut key for edit ledger on screen is ________.

A.Alt+C           B.Ctrl+C           C.Ctrl+Enter           D.Shift+Enter

12.Shortcut key for expand report in detailed is ________.

A.F1                B.Alt+F2             C.Alt+F3            D.Alt+F1

13.Shortcut key for configuration is _________.

A.Alt+F12        B.F11           C.F12           D.F2

14.What is the use of payment voucher?

A.Receipt Transaction          B.Cash/Bank Transaction           C.Payment Transaction        D.Purchase Transaction

15.What is the use of Sales Voucher?

A.Sales by cash           B.Credit purchase         C.Credit Sales          D.Purchase by cash

16.Paid salary account is comes under which group?

A.Indirect Income        B.Direct Income       C.Direct Spend         D.Indirect Spend

17.How many groups are present in tally?

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

18.How many primary groups are present in tally?

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

19.How many secondary groups are present in tally?

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

20.Which option is used to view primary and secondary group in tally?

A.List of account         B.List             C.Both A and B        D.None of these

21.Which ledger is already created in tally?

A.Cash            B.Profit and Loss A/c          C.Capital A/c         D.Both A and B

22.Tally packege is developed by ________.

A.Tally Solutions             B.Puetronics              C.Coral Software          D.Vedica Software

23.Generally Financial year starts from _________.

A.1 April             B.31st March        C.Both A and B          D.None of these

24.Which shortcut key is used to shut the company in tally

A.Alt+F1              B.Alt+F2              C.Alt+F3               D.Alt+F4

25.Account which is not related to person is called?

A.Personal Account        B.Impersonal Account         C.Both            D.None of the above

26.How many ledgers are created when we create a new company?

A.Alt+F1            B.F1                C.Ctrl+F1            D.Shift+F1

27.Shortcut key for select company is _______.

A.Alt+F1            B.Alt+F2            C.Alt+F3               D.Alt+F4

28.Shortcut key for quit tally is ______.

A.Alt+F4            B.Ctrl+Q             C.Ctrl+Enter         D.Alt+C

29.Which menu is displayed after starting tally?

A.Company Info         B.Gateway of tally          C.Display            D.None of this

30.Which option is used to change in an already made company?

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

31.Which option is used to create a company in tally?

A.Company create         B.Create        C.Create company         D.New Company

32.Which option is used to split the data into two financial years?

A.Change Tally Vault        B.Alter          C.Split company data      D.New company

33.Which option is used to copy company data in pen drive or cd?

A.Backup             B.Restore            C.Split Company Data         D.Data Copy

34.Which option is used to make changes in the ledger group?

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

35.How to open created company in tally?

A.Create company          B.Alter            C.Select company          D.Shut Company

36.How to shut down the company in tally?

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

37.How to switch more than one created company in tally?

A.Company Info          B.Select Company          C.Shut Company        D.Company

38.To transfer an amount from one bank to another bank, which voucher is used?

A.Contra         B.Payment          C.Receipt            D.Post Dated

39.Rs.30,000 is withdrawn from the state bank, which voucher is used in this transaction?

A.Payment        B.Receipt           C.Contra           D.Post Dated

40.Which sub menu is used in tally for voucher entry?

A.Voucher         B.Account Vouchers         C.Account Info         D.None of these

41.Payment of Salary, rent and interest is entered in _________.

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

42.Record of interest is entered in ________.

A.Purchase          B.Payment          C.Receipt                 D.Journal

43.Cash sales record is intered in _________.

A.Contra             B.Sales          C.Payment         D.Journal

44.Furniture credit purchase is entered in __________.

A.Purchase          B.Payment          C.Credit Note               D.Journal        

45.Which of the following equation is correct for balance sheet?

A.Assets = Liabilities + Capital

B.Liabilities = Assets + Capital

C.Capital = Assets + Liabilities

D.All of these

46.In tally, how many options are available in company features?

A.3               B.2           C.4            D.5

47.What is tally vault password utility?

A.This will close the time period of the company

B.This will lock all voucher entries for that company

C.It will not show the company name in the select company list

D.None of these

48.How many inbuilt account groups does tally have by default?

A.29            B.31              C.25                D.34

Also Read -

49.In the gateway of tally, the trial balance is checked with the help of _______.

A.Gateway of tally>Reports>Trial Balance

B.Gateway of tally>Trial Balance

C.Gateway of tally>Reports>Display>Trial

D.None of these

50.Which unit is used to denote stocks?

A.Lts          B.Nos        C.Kgs            D.Box

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