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