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