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