Tally Set – 3 Leave a Comment / By Anil / May 31, 2023 Welcome to your Tally Set - 3 1. Which option is used in Tally to close opened Company? Alter Shut Company Create Company Select Company 2. Which option lists inventory valuation method in tally? Stock analysis Stock summary Stock report Stock journal 3. _____ is the shortcut to configure a company in Tally. F2 F3 F4 F5 4. Which menu is used to create new ledgers, groups and voucher types in Tally? Masters Import Transactions Reports 5. _____ denotes reduction in money or increase in liability. Accounting Contra Inventory Cash 6. _____ is the shortcut to rejection in from inventory Vouchers in Tally. Alt + F6 Alt + F5 Ctrl + F6 Ctrl + F5 7. In taxation, TCS stands for Tax Combined at Source Tariff Collected at Station Tax Collected at Source Tax Creation at Source 8. To activate MRP feature from Gateway of Tally initially we need to press Alt + F1 F10 F11 F12 9. _____ is the shortcut to reversing journal from Accounting Vouchers in Tally. F10 Ctrl+F10 Alt+I Alt+V 10. Which group [Under] should be selected for TDS on Professional or Technical Services A/C? Indirect Expenses Indirect Incomes Duties & Taxes None of these 11. A Debit note is a statement sent to the _____ by the _____ Buyer, seller Seller, buyer Creditor, seller Customer, seller 12. Which shortcut key is used in Company Features screen to use Inventory Features in Tally? F1 F2 F3 F4 13. How many voucher types are provided in Tally to record transactions? 2 3 4 5 14. Where do we record all type of adjustment entry in Tally? F4:Contra F5:Payment F6:Receipt F7:Journal 15. With how many types ledger, group and voucher types can be created in Tally? 2 3 4 5 16. _____ is the shortcut for sales order in Tally. F8 F9 Alt+F4 Alt+F5 17. _____ is the shortcut for sales voucher in Tally. Alt+F4 Alt+F5 F9 F8 18. By which option Purchase or Sales register can be viewed? Accounts Books Display Statutory Books Inventory Books 19. Which option is used to place data taken in pen drive or CD to Appropriate place in Tally? Split Company Data Backup Restore None of these 20. _____ is the shortcut to optional voucher from Accounting Vouchers in Tally. Alt+I Ctlr+L Ctrl+V Ctrl+T 21. Which shortcut key is used to take print of VAT or TDS reports? Shift + P Alt + P Ctrl + Alt + P Ctrl + P 22. Which shortcut key is pressed to go to company Info. Menu from Gateway of Tally? Alt+F1 Alt+F2 Alt+F3 Alt+F4 23. Which option is used to view Trial Balance from Gateway of Tally? Gateway of Tally > Display > Trial Balance Gateway of Tally > Trial Balance Gateway of Tally > Reports > Trial Balance None of these 24. Can we allow Expenses/Fixed Assets in Purchase vouchers? Yes No Both a and b Wrong Question 25. _____ is the shortcut to company info from Gateway of Tally. Alt+F1 Alt+F2 Alt+F3 F1 Related Posts (You May Also Read):