Tally MCQs

Question 1

Which of the following is not compulsory to create while entry in Accounts with Inventory

Accepted Answer

Stock Categories

Answer

Stock Groups

Answer

Stock Items

Answer

Units of Measure

Question 2

Which reports are prepared monthly in Tally?

Accepted Answer

Trial Balance

Answer

Profit & Loss A/C

Answer

Balance Sheet

Answer

Cash Flow of Funds Flow

Question 3

By which option Purchase or Sales register can be viewed

Accepted Answer

Accounts Books

Answer

Statutory Books

Answer

Inventory Books

Answer

Display

Question 4

Which option is used to view Stock Items or Group Summary

Accepted Answer

Inventory Books

Answer

Accounts Books

Answer

Statutory Books

Answer

Display

Question 5

We can change the Company Information from

Accepted Answer

Company Info > Alter

Answer

A Company Info > Back up

Answer

Company Info > Split Company Data

Answer

None of these

Question 6

Company Restore option is available in

Accepted Answer

Company Information

Answer

Company Features

Answer

Configuration

Answer

None of these

Question 7

We can modify an existing Company from

Accepted Answer

Company Info > Alter

Answer

Company Info > Alter Company

Answer

Gateway of Tally > Modify Company

Answer

None of these

Question 8

Party account can be created through

Accepted Answer

Ledger creation window

Answer

Group creation window

Answer

Inventory creation window

Answer

Any one of them

Question 9

What is the utility of Tally Vault Password

Accepted Answer

It will not show the Company Name in the Company Select List

Answer

It will lock the period of Company

Answer

It will lock all voucher entries for that Company

Answer

None of these