Tally Erp-9

1. Which of these is an analytical report in Tally.ERP 9?

( Balance Sheet, Ageing Analysis Report, Bank Reconciliation Statement,
Trial Balance)
2. Which of the following features contain the "Budgets/Scenario Management"
section?
( Accounting Features, Statutory & Taxation, Inventory Features,
Tally.NET Features)
3. Which of the following is not a predefined Voucher in Tally.ERP 9?
( Contra Voucher, Journal Voucher, Profit Voucher, Purchase Voucher)
4. Revenue Accounts are accounts which _________________.( Are in the name
of any individual, Are in the name of any firm or company, Relate to the assets
or liabilities of the business, Relate to income or expense)
5. Which of the following is true?
( Owner's Equity = Assets + Liabilities, Owner's Equity = Assets * Liabilities, Assets =
Liabilities + Owner's Equity, Liabilities = Assets / Owner's Equity)
6. A __________ reports a firm's financial position at a specific time.

( Balance Sheet, Profit & Loss A/c, Trial Balance, Income Statement)
7. In Tally.ERP 9, we can pass the Contra Voucher in ____ or ____ mode.
( Voucher, Invoice, Single Entry Double Entry, Voucher, Bill,
None of the above)
8. In Tally.ERP 9, there are ____ predefined groups which are widely used in
Chart of Accounts of many trading organizations. Among the 15 primary
groups, ____ groups are Balance Sheet items.( 25, 6, 28, 15, 28, 9, 38, 9)
9. Tally Vault is a ________________ option offered by Tally.ERP 9.
( License activation, Data encryption, Data backup, Data security)
10. In Tally.ERP9's Trial Balance screen, press _____ to list all ledgers and their
closing balances.( F1, Shift + Enter, F5, F12)
11. To view purchase transactions for a month, _____________ needs to be
generated in Tally.ERP 9.
( Purchase Statement, Purchase Book, Purchase Voucher, Purchase Register)
12. After activating the Tally.ERP 9 license, ___________ file gets created.
( Tally.lic, Tally_1ck.lic, Tally_lck.lic, None of the above)
13. Tally.ERP 9 contains two Ledger accounts, namely, ___________ and
( Cash, Credit, Cash-in-Hand, Cash-in-Bank, Primary Account,
Profit and Loss Account, Cash, Profit and Loss Account)
14. To view transactions entered for a particular period, __________ is to be
generated in Tally.ERP 9.
( Bank Book, Day Book, Transaction Book, None of the above)
15. Bank Reconciliation Statement is prepared by comparing the entries in
____________ and ___________.
 ( Day Book, Pass Book, Day Book, Bank Book, Bank Book, Pass Book,
Either A or C)
16. A _____ is a financial statement that reports a firm’s financial position at a
specific time. (B/s)
17. _____ is used for recording the actual stock which is verified or counted
(Physical stock)
18. Which of the following is not a category in F11: company features of
Tally.ERP9?
( Statutory Feature, Accounting Feature, Inventory Feature,
Statistical Feature )
19. ________ records any money received from debtors against sales Invoices or
on Account and for all transactions where money is received.
(Receipt Voucher)
20. _______ displays the sources of the Funds and their applications.
(Budgeting and Controls, Fund Flow Statement,Cash flow statement,
Ratio Analysis.)
21. Which of the following is not an Account Type?
Profit, Asset, Liability, Income
22. To view predefined Groups in Tally.ERP 9, one can press _____.
ctrl+G
23. ____ records adjustments with respect to debit and credit amounts without
involving the cash or bank accounts.
(Journal)
24. The Inventory Features in Tally.ERP 9 are further sub-divided into ______
sections. (6, 7, 8, 9)

25. Which of the following is not a type of analytical report in Tally.ERP 9?

(Cash Flow Statement, Fund Flow Statement, Ratio Analysis, Ledger)
26. Tally.ERP 9 contains two Ledger accounts namely ___ and _____.
(Cash and Bank statement, Cash and Accounts, Cash and Trial Balance,
Cash and Profit and Loss Account)
27. The____ consists of configurations/ functionalities, which affect accounting
transactions and reports.
(Statistical Feature, Inventory Feature, Accounting Feature, Statutory
Feature)
28. Accounts Receivable are also known as _____
Bills Receivable
29. The ____ shows the financial status of the business as at a particular date.
(Balance Sheet, Trial Balance, Profit & Loss Report, Voucher)
30. ____feature provides the capability to check the accuracy and correctness of
the entries made by authorized users.
(Tally Audit, Tally Vault, Ledger, Trial Balance)
31. A ____ is a summary of all ledger balances to check whether the figures are
correct and balanced.
 ( Trial Balance, Balance Sheet, Profit and Loss Account, None of the above)
32. ____ are specialised books, where transactions relating to a particular type are
entered directly from the voucher.
( Trial Balances, Day Books, Balance Sheets, Profit and Loss Accounts)
33. Which of the following is not a report prepared in the Financial Accounting
System?
( Trial Balance, Profit & Loss Report, Voucher, Balance Sheet)
34. Which of the following is not a feature of Tally.ERP 9?
( Power, Flexibility, Scalability, Redundancy)
35. _______provides information on the difference between the actual vs the
budgeted figures.
( Fund Flow Statement, Variance Analysis Report, Ratio Analysis,
Cash Flow Statement)
36. Which of the following is not a type of Accounting Voucher?
( Payment, Sales, Contra, Trial Balance)
37. Which of the following is not a step in Accounts compilation?
( Recording, Summarising, Liability, Classifying)
38. ____ is a periodic statement, which shows the net result of business operations
for a specified period.
( Balance Sheet, p& l, Day Book, Trial Balance)
39. ______ is done to find out the payments receipt, income or expense through
any account.
( Asset, Ledger Posting and Balancing, Trial Balance, Voucher)

40. _____ displays the movement of cash inflows and cash outflows for a given
period.
(Fund Flow Statement, Cash flow statement, Budgeting and Controls,
Ratio Analysis)]
41. ____ is an indicator of the operating performance of a business.
( Fund Flow Statement, Budgeting and Controls, Cash Flow Statement, Ratio
Analysis)
42. Which of the following is not a type of Company Features in Tally.ERP 9?
(Accounting Features, Auditing Features, Inventory Features,
Tally.NET features)
43. During voucher entry in Tally.ERP 9, we can pre-fill the voucher narration for
a specific ledger/voucher entry by pressing ________.
( Ctrl + R, Shift + R, Both A and B, Neither A nor B)
44. The shortcut key to view predefined ledgers in Tally.ERP 9 is ______.
Ctrl+L
45. The methods LIFO, FIFO, Moving Average are used to value ____________
( Closing stock, Clearing stock, Expense stock, Opening stock)
46. In Tally.ERP 9, the Inventory company features are further sub-divided into
____ sections. (7)
47. _______ provides information on the difference between the actual vs the
budgeted figures.
( Fund Flow Statement, Variance Analysis Report, Ratio Analysis, Cash
Flow Statement)
48. The first step in Tally.ERP 9 before any transaction is entered or saved is
creating a _________.
( File, Company, Project, Application)
49. In Tally.ERP 9, the ____ company features consist of configurations/
functionalities, which affect accounting transactions and reports.
( Statistical, Inventory, Accounting, Statutory & Taxation)
50. In Tally.ERP 9, we can maintain company data for ________ financial years.
( 5 , 10 , 20, any number of)
51. In Accounting, the ledger accounts are usually posted every __________.
( Year, Half-year, Month, Week)

52. ___________ gives the consolidated list of various accounts and their
balances.
( Trial Balance, Balance Sheet, P&L Report, Voucher)
53. In Tally.ERP 9, we can pass Debit Note Voucher in Invoice mode using the
shortcut key _________.
54. The ________ feature in Tally.ERP 9 allows the user to create multiple levels
of security as per requirement
(Security Controls, Tally Vault, Backup, Tally Audit)
55. We can record any money received from debtors against sales invoices using
_______ voucher in Tally.ERP 9.( Payment, Receipt, Contra, Sales)
56. Tally.ERP 9 offers a data encryption option called ______________.
(Tally Vault, Tally Audit , Tally Backup, None of the above)
57. In the Bills Outstanding screen of Gateway of Tally, we can toggle between
Payables or Receivables reports by clicking the function key______.
(F4 ,F5,F6,F7)
58. Which of the following is not a type of analytical report in Tally.ERP 9?
( Cash Flow Statement , Fund Flow Statement , Ratio Analysis , Ledger )
59. The first document where a financial transaction is entered is called
__________
( Voucher , Journal , Ledger , Group )
60. A payment is made to a creditor ABC - Rs.10,000 by cash, it should be entered
into the ________ Voucher. (Loan, Payment, Receipt, Sales)
 Tally Erp-9
1. ______is provides information about the financial status of the company as on a

particular Date. (BALANCE SHEET )

2. Accounts receivable also known also as __________

( BILLS RECEIVABLE)

3. The Tally.ERP9 Online Help of Key board short key is_______(ALT+H)

4. ________TALLY software provides remote capabilities to access the data from anywhere

and anytime (TALLY.ERP.9)

5. Short cut key of select company (ALT+F3)

6. Short cut key of split Company (ALT+F3)

7. Tallly.ERP9 allows us to import data as well as export data to other software’s are

_________ (ASCII, EXCEL, XML)

8. ______features provides the capability to check the accuracy and correctness of the

entries made by authorized users. ( TALLY AUDIT FEATURE)

9. F11 features are divided in to _______ categories. (4)

10. In TALLY.ERP.9 there are ____predefined groups. (28)

11. In TALLY.ERP.9 there are ______ predefined Vouchers .(8)

12. SHORTCUT KEYS IN TALLY.ERP.9

F4 – Contra voucher

F5 – payment voucher

F6 – Receipt voucher

F7 - Journal voucher

F8- Sales voucher

F9- Purchase voucher

Ctrl+ f8 – Credit Note

 Ctrl+f9 – Debit Note

Ctrl+ V- Invoice Mode

Alt+f7 – Stock journal voucher

Alt+ f10 – Physical stock Voucher

13. Which of these is an analytical report in Tally.ERP 9?

( Balance Sheet, Ageing Analysis Report, Bank Reconciliation Statement, Trial Balance)

14. Which of the following features contain the "Budgets/Scenario Management" section?

( Accounting Features, Statutory & Taxation, Inventory Features, Tally.NET Features)

15. Which of the following is not a predefined Voucher in Tally.ERP 9?

( Contra Voucher, Journal Voucher, Profit Voucher, Purchase Voucher)

16. Which of the following is true?

( Owner's Equity = Assets + Liabilities, Owner's Equity = Assets * Liabilities,

Assets = Liabilities + Owner's Equity, Liabilities = Assets / Owner's Equity)

17. A __________ reports a firm's financial position at a specific time.

( Balance Sheet, Profit & Loss A/c, Trial Balance, Income Statement)

18. In Tally.ERP 9, we can pass the Contra Voucher in ____ or ____ mode.

( Voucher, Invoice, Single Entry Double Entry, Voucher, Bill, None of the above)

19. In Tally.ERP 9, there are _28___ predefined groups which are widely used in Chart of

Accounts of many trading organizations. Among the 15 primary groups, __9__ groups

are Balance Sheet items

20. After activating the Tally.ERP 9 license, ___________ file gets created.

( Tally.lic, Tally_1ck.lic, Tally_lck.lic, None of the above)

21. Tally.ERP 9 contains two Ledger accounts, namely, ___________ and ___________

( Cash, Credit, Cash-in-Hand, Cash-in-Bank, Primary Account, Profit and Loss Account,

Cash, Profit and Loss Account)

22. To view transactions entered for a particular period, __________ is to be generated in

Tally.ERP 9.

( Bank Book, Day Book, Transaction Book, None of the above)

23. A _____ is a financial statement that reports a firm’s financial position at a specific time.

[BALANCE SHEET]

24. _____ is used for recording the actual stock which is verified or counted

[PHYSICAL STOCK VOUCHER]

25. Which of the following is not a category in F11: company features of Tally.ERP9?

[Statutory Feature, Accounting Feature, Inventory Feature, Statistical Feature]

26. ________ records any money received from debtors against sales Invoices or on Account

and for all transactions where money is received.

[RECEIPT VOUCHER]

27. _______ displays the sources of the Funds and their applications.

[Budgeting and Controls, Fund Flow Statement,Cash flow statement, Ratio Analysis.]

28. Which of the following is not an Account Type? [Profit, Asset, Liability, Income]

29. To view predefined Groups in Tally.ERP 9, one can press ____[CTRL+G]

30. ____ records adjustments with respect to debit and creditamounts without involving

the cash or bank accounts. [JOURNAL VOUCHER]

31. In Tally.ERP 9, there are ___ predefined groups which are widely used in Chart of

Accounts of many trading organizations. [28, 29, 30 ,31.]

 TALLY ERP.9
1. What are the major advantages of accounting software?
a. Arithmetical accuracy, Time saving, Multiple reports
2. What are the 2 types ledger accounts in accounting software?
a. Accounts having debit balance, Accounts having credit
balance.
3. Zero balance ledgers are considered in reporting. True or false
a. False
4. How is data stored in accounting software?
a. Master data, non-master data
5. ___________ is data which is not expected to change frequently.
a. Master data
6. Give examples of master data.
a. Ledger heads, groups, stock groups
7. Data which is expected to change frequently is called as _______
a. Non-master data
8. Give an example of non-master data.
a. Voucher
9. Non-master data is stored independently. True or false.
a. False
10. Non-master data requires link to master data. True or false.
a. True
11. Expand ERP.
a. Enterprise resource planning
12. Name the voucher type to record sales returns.
a. Credit note
13. Name the voucher type to record purchase returns.
a. Debit note
14. From which site we can download tally software?
a. www.tallysolutions.com
15. What are the download options for downloading Tally.ERP9?
a. 32 bit OS, 64 bit OS
16. What is the disk space required for lite installer of tally?
a. 30 MB
17. For full installer of tally it requires _________disk space.
a. 120 MB
18. What is the license key or file name of tally?
a. tally_lck.lic
19. Tally ERP9 does not support Multilanguage. True or false.
a. False
20. How many languages does tally ERP9 supports?
a. 15
21. What are types of licenses in Tally ERP9?
a. Gold, silver, auditor
22. Which type of license provides support only for single user?
a. Silver
23. Which type of software is sold at discount?
a. Auditor, 80% discount
24. In which mode of tally, is date restrictions present?
a. Education mode
25. What are formats in which data is imported and exported in Tally?
a. ASCII, EXCEL, HTML, JPEG, PDF, XML
26. In how many countries tally software applies for?
a. 41 countries
27. What are the options available while creating Tally?
a. Accounts only, Accounts with inventory
28. _________is a system of encrypting data in Tally.
a. Tally vault
29. Which feature helps in enabling the security and access control feature in a particular
company?
a. Security control
30. What is the maximum allowed password strength?
a. 51 characters
31. VAT reports, Service Tax reports and TDS reports falls under which category?
a. Statutory reports
32. How can the data be accessed in Tally?
a. Local data, Remote data
33. Which language is used for tally programming?
a. TDL- Tally Definition Language
34. Can data stored in Tally be accessed through SMS?
a. Yes
35. What is the shortcut to create a ledger, group, stock unit etc.
in voucher?
a. Alt + C
36. Stock adjustments namely Inter-godown Transfer,
manufacturing process are passed in _________
a. Stock Journal
37. Which voucher is used for recording the actual stock which is
verified or counted?
a. Physical stock voucher
38. What are the 3 types of reports available in Tally?
a. Financial statements, books and registers, statement of accounts
39. Which statement shows a firm’s financial position at a specific time?
a. Balance sheet
40. How to generate Day Book?
a. Gateway of tally > Display > Day Book
41. __________ shows us transactions entered for a particular day, week, and year or any
specified period.
a. Day book
42. Expand BRS.
a. Bank reconciliation statement
43. ___________is an indicator of the operating performance of a business.
a. Ratio analysis

PRINT ALT+P
EXPORT ALT+E
EMAIL ALT+M
UPLOAD ALT+O
LANGUAGE ALT+G
SUPPORT CENTRE CTRL+H
HELP ALT+H
GATEWAY OF TALLY CTRL+M
CALCULATOR CTRL+N
TO SELECT ALREADY CREATED COMPANY F1
CURRENT DATE F2
CURRENT PERIOD ALT+F2
COMPANY INFO ALT+F3
FEATURE [COMPANY] F11
CONFIGURATION [COMPUTER] F12
DELETE ALT+D
FOR DETAILED VIEW ALT+F1
VOUCHER
CONTRA F4
PAYMENT F5
RECEIPT F6
JOURNAL F7
SALES F8
PURCHASES F9
STOCK JOURNAL ALT+F7
PHYSICAL STOCK VOUCHER ALT+F10
CREDIT NOTE CTRL+F8
DEBIT NOTE CTRL+F9
INVOICE MODE CTRL+V
RECALL NARRATION SAVED FOR FIRST LEDGER ALT+R
RECALL NARRATION SAVED FOR A SPECIFIC VOUCHER CTRL+R
TYPE