Tally MCQs

Question 1

Which of the following user type can view audit list

Accepted Answer

Administrator

Answer

Tally Vault

Answer

Owner

Answer

Data Entry

Question 2

How can data be imported in tally

Accepted Answer

Both A and B

Answer

One company to another company created within Tally Package

Answer

Other programs - a spreadsheet or a database file

Answer

Depends on number of companies

Question 3

Which of the following file is usually used as a master file

Accepted Answer

Inventory subsidiary

Answer

Cash disbursements

Answer

Cash receipts

Answer

Payroll transactions

Question 4

What is the advantage of a computer-based transaction processing system

Accepted Answer

Will be more efficient at producing financial statements

Answer

Does not require as stringent a set of internal controls

Answer

Will produce a more accurate set of financial statements

Answer

Eliminates the need to reconcile control accounts and subsidiary ledgers

Question 5

Which of the following can be budgeted in tally

Accepted Answer

Both A and B

Answer

Nett Transactions

Answer

Closing Balance

Answer

None of the above

Question 6

Which of the following shows daily balance for a selected voucher type

Accepted Answer

Day book

Answer

Trial Balance

Answer

Balance Sheet

Answer

None of the above

Question 7

How many types of users are present in tally

Accepted Answer

3

Answer

1

Answer

2

Answer

4

Question 8

Which of the following is the predefined stock category in tally

Accepted Answer

Primary

Answer

Symbol

Answer

Stock

Answer

Main location

Question 9

Which file in tally is used to record the import activity

Accepted Answer

Tally.ini

Answer

Tally.dat

Answer

Tally.imp

Answer

None of the above