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