0% 0 Created on August 27, 2025 TALLY UNIT-1 CLASS TESTQUESTION -40 NameEmailRoll_noBatch Time SelectionBatch Time Selection08:00 to 09:00 AM09:00 to 10:00 AM10:00 to 11:00 AM02:00 to 03:00 PM03:00 to 04:00 PM04:00 to 05:00 PM05:00 to 06:00 PM 1 / 40All parties from whom Credit Purchases are made by the company Sundry Creditors Partners Accountant Sundry Debtors 2 / 40Find out which is not a Default Ledger in Tally None of these Profit and Loss Capital Account Cash in Hand 3 / 40Secured loan is a Primary group Sub group 4 / 40We can modify an existing company from Company Info. menu > alter Accounts Info. > alter Gateway of tally menu > modify company Inventory Info. > alter 5 / 40Sales Tax Ledger falls under which Group? Purchases Indirect Expenses Duties and Taxes Sales 6 / 40Shares and Debentures comes under Current asset Capital Purchase Investment 7 / 40F12 is known as Tax Company Configuration Company Features Accounting Features 8 / 40Parties to whom credit sales are made by the company Sundry creditors Partners Investors Sundry debtors 9 / 40Alt + F2 command is used for Display financial year Display day book Display date Alter company 10 / 40Which of the following is an example of compound unit of measure ? A pack of 5 pieces All of these A bag of 2 liters A can of meters 11 / 40Dividend received is an example of Indirect income Direct income None of these Sales return 12 / 40Which command is used to go to company information menu from the gateway of tally menu ? Alt + F3 Alt + F1 None of these Alt + F4 13 / 40Which option you may use to create stock items from the gateway of tally menu ? Stock Information Accounts Information Day book Inventory Information 14 / 40Income tax belongs to None of these Investment Provision Duties & taxes 15 / 40Alt + F2 is Used for Display Ledger Display Financial year Display Date Change Company 16 / 40Which alphabet is highlighted for the Shut option? S A H C 17 / 40Which screen command is used for shut company . F3 F1 ALT +F1 ALT +F2 18 / 40In general the Financial year from 1st May of any year 1st March of any year 9th September of any year 1st April of any year 19 / 40Salary comes under Indirect expense Purchase Indirect income Direct expense 20 / 40Tally Package is developed by Coral software Desktop Publishing None of these. Tally solutions 21 / 40If the Financial Year from is 1st April 2016 and the Books Beginning from 1st January 2017 then what will be the Closing Date? 31st March 2017 9th Sep 2016 31st Dec 2016 31st Dec 2017 22 / 40Deposit is a sub-group of Loans Bank OD account Fixed asset Current asset 23 / 40Which accounts are automatically created by tally , when company is created ? Cash a/c None of these Both of these Profit & loss a/c 24 / 40To change the date, shortcut used F5 Alt + F2 F1 F2 25 / 40F3 is used for Shut Company To change Date Delete Company To change Company 26 / 40Tally package is developed by Tally Solutions Apple Software Microsoft Adobe Software 27 / 40Tally is a ………………… Software. Financial accounting Management accounting Cost accounting Industrial accounting 28 / 40The shortcut used to activate calculator is Ctrl + M Ctrl + A Ctrl + M Ctrl + N 29 / 40Company features can be set by F11 F10 F4 F12 30 / 40Which expenses are related to purchases & production of goods & core to the business activities. Indirect Expenses Direct Expenses All of these Revenue Expenses 31 / 40Depreciation of fixed assets is example of Investment current Asset Fixed Assests Indirect Expenses 32 / 40F1 command is used for None of these Display company Shut company Alter company 33 / 40Secure loan is the sub-group of Current Asset Current liabilities loans & advances loans (liability) 34 / 40There is no difference between Shut Company & Delete Company True False 35 / 40What is MRP? Marginal Price Maximum Retail Price Market Price Minimum Retail Price 36 / 40Loans and advances belongs to Secured loan Investment Current assets Fixed assets 37 / 40Who is the Inventor of Tally Solution Bharat Goenka Both Shyam Sunder Goenka 38 / 40Building is an example of Fixed asset Indirect expense Sales Current asset 39 / 40We can change the Company Information from Company Info > Back up Company Info > View Company Info > Split Company Data Company Info > Alter 40 / 40Freight is an example of Direct income Indirect expense Direct expense Indirect income Your score isThe average score is 0% LinkedIn Facebook VKontakte 0% Restart quiz Send feedback