Take Exam - Tally Account

Question 1: Fixed Assets include

Furniture Creditors Cash Capital

Question 2: The default base currency in Tally is

INR USD GBP EUR

Question 3: To change company press

Alt+F3 F2 Alt+C Ctrl+N

Question 4: Prepaid Expenses are

Assets Liabilities Income Expense

Question 5: Which option is used to backup data

Backup Restore Data Export

Question 6: Sales Account belongs to

Income Expense Asset Liability

Question 7: Gateway of Tally is the

Main Screen Report Section Ledger Balance Sheet

Question 8: To shut company press

Alt+F1 Alt+F3 F12 F2

Question 9: To deactivate Calculator pane press

Ctrl+M Ctrl+N Alt+F1 F2

Question 10: Suspense Account is used for

Temporary Entries Fixed Assets Cash Stock

Question 11: Loan Taken is

Liability Asset Expense Income

Question 12: Tally data files have extension

0.9 .xml .dat .tly

Question 13: Data synchronization is used for

Transferring Data Printing Formatting Backup

Question 14: Debit balance means

Receivable Payable Liability Income

Question 15: To quit company press

Alt+F1 Alt+F3 Ctrl+Q Esc

Question 16: Trial Balance shows

All Ledger Balances Only Assets Only Liabilities Only Income

Question 17: Stock Item means

Product in Business Ledger Voucher Group

Question 18: F5 in Tally is used for

Payment Voucher Purchase Voucher Journal Sales

Question 19: Tally allows export of data to

Excel Word PowerPoint Paint

Question 20: Credit purchase is recorded in

Purchase Voucher Sales Voucher Payment Receipt

Question 21: Shortcut key for Purchase Voucher

F9 F8 F7 F5

Question 22: Which key is used for company features

F11 F12 F2 F3

Question 23: Which menu is used to create ledgers

Accounts Info Display Reports Inventory Info

Question 24: Sales Return is

Expense Income Asset Liability

Question 25: Tally is most commonly used by

Accountants Engineers Designers Students

Question 26: Tally default company data is stored in

Data Folder Backup Folder Export Folder Temp Folder

Question 27: Depreciation belongs to

Indirect Expense Direct Expense Income Liability

Question 28: To close all open reports press

Esc Ctrl+Q Alt+Q F1

Question 29: Cash purchase is recorded in

Payment Voucher Receipt Voucher Sales Journal

Question 30: Cash is

Current Asset Fixed Asset Liability Expense

Tally Account

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