Top 25 Tally Questions & Answers

Tally.ERP 9 - the latest evolution of the Tally series-took 3 years and the dedicated efforts of 200 developers to create. It has grown from a basic accounting software package into a simple-yet-sophisticated business management software product. Comprehensive capabilities allow Tally.ERP 9 to meet the needs of small to large businesses with dispersed operations. And traditional functions of a business are handled as capably as the more advanced.

Well, Tally is a complete Enterprise Resource Planning system with a excellent grip in accounting features. Although it has many more core features that a business requires but its hold in accounting is truly commendable. Therefore it is known more for accounting rather than any other of its features.

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Please take the below free online quiz and enjoy your learning.

Tally package is developed by

a. Peutronics
b. Tally Solutions
c. Coral Softwares
d. Vedika Softwares

Correct Answer:b. Tally Solutions

Bank OCC a/c is a group defined under

a.Bank Account
b. Secured Loan
c. Unsecured Loan
d. Loan & Liability

d. Loan & Liability

Sales Tax Ledger falls under which Group?

a. Indirect Expenses
b. Duties and Taxes
c.Sales
d. Purchases

b. Duties and Taxes

Alias represents

a. Short name
b. Nick name
c. Code name
d. All of these

d. All of these

To change the date, shortcut used

a. Alt+F2
b. Alt+F3
c. F2
d. F1

c. F2

If we purchase any Fixed asset in credit, we can pass it from

a. Payment mode
b. Receipt mode
c. Journal mode
d. Contra mode

c. Journal mode

To save entry without any amount, we have to use

a. Cost Center
b. Maintain Multiple godown
c. Allow O value entry
d. Use Rej. Notes

c. Allow O value entry

To see the report of Unconventional vouchers go to

a. Display-Day Book
b. Display-Account Books
c. Display-Exception Reports
d. Display-Trial Balance

c. Display-Exception Reports

The shortcut used for Optional vouchers is

a. Ctrl + N
b. Ctrl + M
c. Ctrl + A
d. Ctrl + L

d. Ctrl + L

Transfer of materials from one godown to another godown, use

a. Manufacturing Journal
b. Stock Journal
c. Purchase Journal
c. Both A & B

b. Stock Journal

BOM represents Bill of Materials.

a. True
d. False

a. True

Recording of actual stock as physically verified or counted is done through

a. Journal
b. Stock Journal
c. Physical Stock
d. Sales

c. Physical Stock

Predefined Billing terms can be maintained through

a. Cost Center
b. Voucher Class
c. Maintan Multiple Godowns
d. Stock Categories

b. Voucher Class

How many formats are available while Exporting?

a. 5
b. 4
c. 3
d. 2

c. 3

While exporting Ledgers from Tally to Web Page, we use

a. XML Format
b. ASCII Format
c. SDF Format
d. HTML Format

d. HTML Format

Budget represents ……………………

a. Estimation
b. Forecasting
c. Assumption
d. All of these

d. All of these

To see any report in detailed way, press

a. Alt+F2
b. F2
c. Alt + C
d. Alt+F1

d. Alt+F1

In Service tax Credit Adjustment (%) should be either

a. 20%
b. 100%
c. Both a & b
d. 30%

c. Both a & b

Service Tax Report can be seen from

a. Display > Day Book
b. Display > Account Books
c. Display > Statutory Masters
d. Display > Statutory Reports

d. Display > Statutory Reports

Can we allow Expenses/Fixed Assets in Purchase vouchers?

a. Yes
b. No

a. Yes

Transfer from Main Cash to Petty Cash you require to pass ……………… voucher.

a. Payment
b. Contra
c. Receipt
d. None of these

b. Contra

If the Financial Year from is 1st April 2005 and the Books Beginning from is 1stJanuary 2006 then what will be the Closing Date?

a. 31st Dec 2006
b. 31st March 2006
c. 31st December 2005
d. None of these

b. 31st March 2006

Income Tax number of the Company will appear in which report?

a. Cash/Bank Book
b. Profit and Loss A/c
c. Reminder Letter
d. None of these

d. None of these

Patent account falls under

a. Investments
b. Liabilities
c. Current Assets
d. None of these

d. None of these

Find out which is not a Default Ledger in Tally.

a. Cash in Hand
b. Capital Account
c. Profit & Loss
d. None of these

b. Capital Account