11. Which of the following shows daily balance for a selected voucher type-
a.
b.
c.
d.

Option “A” is correct.
The Day Book lists all transactions made in a particular day and by default displays the last voucher entry date of a regular voucher. It could also be set up to list all the transactions made over a certain period. Transactions include all financial vouchers, reversing and memorandum journals as well as inventory vouchers.
12. How many types of users are present in tally?
a. 1
b. 2
c. 3
d. 4

Option “C” is correct.
Basically three type of users – Administrator, Owner & Data Entry
13. Which of the following is the predefined stock category in tally-
a. Primary
b. Symbol
c. Stock
d.

Option “A” is correct.
Primary is is the predefined stock category in tally.
14. Which file in tally is used to record the import activity-
a.
b.
c.
d.

Option “B” is correct.
Tally.ini is Tally’s initialization file. It can be also referred as configuration and setting file of Tally. When ever Tally loads itself then it takes working environment from this file. All variables from this file are picked and then tally starts functioning accordingly. So this file is important for desired working of Tally software.
15. Which of the following is compulsory to create while entry in Accounts with Inventory-
a.
b.
c.
d.

Option “D” is correct.
For inventory accounting in tally Stock Groups, Stock Items and Units of Measure must be created.
16. A trial balance is a ________
a. Ledger
b. Journal
c. Account
d. List

Option “D” is correct.
Trial balance is a list of ledger accounts balances, showing debit balances and credit balances, separately on a certain date. Trial balance is only a statement not an account. Every transaction has equal debit and credit aspects so that the trial balance possesses equal debit and credit balances. Preparing trial balances periodically will help you to fix errors as soon as it happens.
17. Sales return are recorded in ________ Voucher
a.
b.
c. Receipt
d.

Option “D” is correct.
Sales return are recorded in Credit note voucher. A credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the goods returned by the buyer.
18. ERP stands for-
a. Enterprise resource planning
b.
c.
d.

Option “A” is correct.
ERP stands for Enterprise resource planning. It’s a business process management software that manages and integrates a company’s financials, supply chain, operations, reporting, manufacturing, and human resource activities.
19. The home screen of tally is also known as-
a.
b.
c.
d.

Option “B” is correct.
Gateway of tally is like the main entrance of Tally technically a screen that opens when Tally starts. It is also known as home screen of tally.
20. Full form of ODBC-
a.
b.
c.
d.

Option “A” is correct.
ODBC Stands for “Open Database Connectivity.” With Open Database Connectivity Tally can dynamically exchange data between any other application.
Pages: 1 2 3 4 5 6 7

4 thoughts on “Tally”

  3. Raylene Noorda

    Have you ever considered publishing an ebook or guest authoring on other sites? I have a blog based on the same subjects you discuss and would really like to have you share some stories/information. I know my viewers would enjoy your work. If you are even remotely interested, feel free to send me an email.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top