TALLY ERP ONLINE EXAM

TALLY ERP ONLINE EXAM

1.	Purchase & Sales Order are activated through Company Features.

A.

TRUE

B.

FALSE

2.	The Amount due from the Debtor is called Debts.

A.

TRUE

B.

FALSE

3.	Entries in Memo Voucher are posted to Ledger.

A.

TRUE

B.

FALSE

4.	There are Two Methods of Entry System in Accountancy.

A.

TRUE

B.

FALSE

5.	Personal Account is related with Expenses and Income.

A.

TRUE

B.

FALSE

6.	Journal Voucher is for rectification / adjustment entries.

A.

TRUE

B.

FALSE

7.	Memo voucher can not be converted into regular voucher.

A.

TRUE

B.

FALSE

8.	The invoice received along with goods purchased is called as inward invoice.

A.

TRUE

B.

FALSE

9.	Discount allowed to Customer is an Income.

A.

TRUE

B.

FALSE

10.	Vat Option is available in Tally 7.2.

A.

TRUE

B.

FALSE

11.	F11 key is used to access the feature for a company.

A.

TRUE

B.

FALSE

12.	In the Balance sheet every debit entry is matched by a credit entry.

A.

TRUE

B.

FALSE

13.	Drawings reduces Capital.

A.

TRUE

B.

FALSE

14.	Ledger can be deleted when there is no transactions recorded into ledger.

A.

TRUE

B.

FALSE

15.	User can select more than one company at a time.

A.

TRUE

B.

FALSE

16.	Daybook is right place to alter display, insert a voucher.

A.

TRUE

B.

FALSE

17.	Vouchers are used for recording day to day transactions.

A.

TRUE

B.

FALSE

18.	Tally does not permit to change the parent of a predefined group.

A.

TRUE

B.

FALSE

19.	A person who owes money to the business is creditor.

A.

TRUE

B.

FALSE

20.	Ctrl+P is shortcut key for printing used in Tally.

A.

TRUE

B.

FALSE

21.	In display mode user can make any change in the group.

A.

TRUE

B.

FALSE

22.	We can’t create more than one Godown.

A.

TRUE

B.

FALSE

23.	Ctrl+F8 is used to select the credit note voucher.

A.

TRUE

B.

FALSE

24.	Profit and Loss account is an arithmetical check of all the entries done upto date.

A.

TRUE

B.

FALSE

25.	Cash/Funds flow option displays overall information of the goods movement.

A.

TRUE

B.

FALSE

26.	Credit Note means Sales Return.

A.

TRUE

B.

FALSE

27.	Vouchers are used to record day to day transaction.

A.

TRUE

B.

FALSE

28.	In Balance Sheet shows all our assets & liabilities.

A.

TRUE

B.

FALSE

29.	Stock is always valued at Market Price.

A.

TRUE

B.

FALSE

30.	Tally automatically generates a number of reports once we have enter the vouchers

A.

TRUE

B.

FALSE

31.	Capital=Liabilities – Assets.

A.

TRUE

B.

FALSE

32.	Balances in Trial Balance are temporarily transferred to Suspense A/c.

A.

TRUE

B.

FALSE

33.	Transaction accounting for money received are entered into Payment Voucher.

A.

TRUE

B.

FALSE

34.	Statistics gives the information about the no. of different vouchers, ledgers, Groups.

A.

TRUE

B.

FALSE

35.	Tally allows deletion of Ledger having Entries recorded in that.

A.

TRUE

B.

FALSE

36.	We cannot publish all reports & documents on websites with the help of Tally.

A.

TRUE

B.

FALSE

37.	Through E-mail option we can send Invoice to our customer.

A.

TRUE

B.

FALSE

38.	At the time of Creating Company two Ledger Cash & P/L A/c are created by Default.

A.

TRUE

B.

FALSE

39.	1 TO SELECT COMPANY A F1 B F2

A.

F1

B.

F2

40.	In Tally, Journal vouchers can be used to record cash or bank transactions.

A.

TRUE

B.

FALSE

41.	All types of bank accounts are current asset.

A.

TRUE

B.

FALSE

42.	Stock Journal Voucher is used to record stock transfer from one location to another.

A.

TRUE

B.

FALSE

43.	Sale Voucher record Credit Purchase of Asset.

A.

TRUE

B.

FALSE

44.	Sale Voucher record Credit Purchase of Asset.

A.

TRUE

B.

FALSE

45.	Appreciation charged on Fixed Assets is recorded in Contra Voucher.

A.

TRUE

B.

FALSE

46.	Sales Voucher is used to record goods sold on cash.

A.

TRUE

B.

FALSE

47.	Configuration changes affect only the current company.

A.

TRUE

B.

FALSE

48.	Entries made using Memo Voucher will not affect your accounts.

A.

TRUE

B.

FALSE

49.	Sales Order is used to place orders of goods to the Supplier.

A.

TRUE

B.

FALSE

50.	Ledgers are very important for voucher entries.

A.

TRUE