Tally Set – 1 Leave a Comment / By Anil / May 31, 2023 Welcome to your Tally Set - 1 1. credit note is sent by _____ to _____ Customer, seller Buyer, seller Creditor, seller Seller, buyer 2. Which submenu is used to create new ledgers, groups and voucher types in Tally? Account Info. Accounting Vouchers Inventory Info. Inventory Vouchers 3. Which reports are prepared monthly in Tally? Balance Sheet Profit & Loss A/C Cash Flow of Funds Flow Trial Balance 4. To activate Job Costing which options require to be activated? Maintain Cost Centre Maintain VAT Use Cost Centre for Job Costing Both a and c 5. Retained Earnings is an alias of Investments Capital Account Indirect Income Reserve and surplus 6. Party account can be created through Inventory creation window Ledger creation window Group creation window Any one of them 7. Which shortcut key is used to enable Tax Deducted at Source [TDS]? F9 F11 F12 Alt + F12 8. Which shortcut key is pressed to display Part No. for automobile industries? F8 F5 F12 F11 9. Service Tax Report can be seen from Display > Statutory Reports Display > Account Books Display > Statutory Masters Display > Day Book 10. To show the cheque number while reconciling Bank Accounts press CTRL + F11 F11 CTRL + F12 F12 11. Manufacturing journal creates based on Purchase Quotation Stock Journal Journal Receipt Note 12. In tally you get currency symbol option from _____ menu. Company creation Stock items units Regional setting None of the above 13. _____ is the shortcut to set date in Tally. F1 F4 F6 F2 14. Data Folder of a Company consists of 3 digits 4 digits 5 digits 6 digits 15. In which voucher type credit sales is recorded in Tally? F6:Receipt F5:Payment F7:Journal F8:Sales 16. Which shortcut key(s) are used to enter a stock journal in tally? Control + F7 Alt + F7 F7 Shift + F7 17. _____ is the shortcut to create receipt voucher in Tally. F2 F4 F6 F9 18. Which shortcut key is pressed for voucher entry or deleting a ledger? Alt + D Alt + A Alt + X Alt + C 19. We can change the Company Information from Company Info > View Company Info > Split Company Data Company Info > Back up Company Info > Alter 20. In taxation, FBT stands for Fringe Benefit Tariff Fringe Benefit Tax Frame Benefit Tax Fast Benefit Tax 21. To see reports of Job Work Analysis Display-Statement of a/cs Display-Statement of a/cs-Cost Centre-Job work Display-Statement of a/cs-Job Work Analysis None of these 22. Financial year normally ends no? 31-Mar 1-Apr 30-Apr 31-Dec 23. _____ denotes movable or immovable property and inventory. Accrual basis Asset Credit Debit 24. For Export of Data from Company to Company Tally uses XML Format ASCII Format SDF Format None of these 25. Transfer from Main Cash to petty Cash you require to pass _____ voucher. Contra Receipt Payment None of these Related Posts (You May Also Read):