Tally MCQs

Question 1

BOM represents

Accepted Answer

Bill of Materials

Answer

Billing of Machines

Answer

Bill of Maintenance

Answer

None of these

Question 2

"Alias" represents

Accepted Answer

All of these

Answer

Short name

Answer

Nick name

Answer

Code name

Question 3

If we purchase any fixed asset in credit, we can pass it from

Accepted Answer

Purchase mode

Answer

Payment mode

Answer

Receipt mode

Answer

Contra mode

Question 4

Transfer of materials from one godown to another godown, use

Accepted Answer

Stock Journal

Answer

Manufacturing Journal

Answer

Purchase Journal

Answer

Both A & B

Question 5

Recording of actual stock as physically verified or counted is done through

Accepted Answer

Physical Stock

Answer

Journal

Answer

Stock Journal

Answer

Sales

Question 6

Budget represents ________

Accepted Answer

All of these

Answer

Estimation

Answer

Forecasting

Answer

Assumption

Question 7

Find out which is not a Default Ledger in Tally

Accepted Answer

Capital Account

Answer

Cash in Hand

Answer

Profit & Loss

Answer

None of these

Question 8

The Profit & Loss statement can be displayed in ________ format(s).

Accepted Answer

A or B

Answer

Horizontal

Answer

Vertical

Answer

None of the above

Question 9

Default ledger accounts in tally are ________

Accepted Answer

Cash and profit & loss accounts

Answer

Balance sheet, profit & loss and trial balance

Answer

Profit & loss and trial balance

Answer

Cash and bank accounts