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Home » Tally  Multiple Choice Questions & Answers
Tally  Multiple Choice Questions & Answers
Tally Multiple Choice Question & Answer
1 Who is the marketer of Tally?

A Tally Package Pvt. Ltd.

B Tally Gold Pvt. Ltd.

C Tally Solutions Pvt. Ltd.  – Correct answer

D None of the above 

2 Who is the developer of Tally?

A Wally Feurzeig

B John G. Kemeny

C Nandan M. Nilekani

D Shyam Sundar Goenka – Correct answer

3 What is the Short-cut key for quitting tally?

A Alt + Ctrl + Q

B Alt + Q – Correct answer

C Ctrl + Q

D Alt + F2 + Q 

4 What does tally run on?

A Windows– Correct answer

B Tally Solutions

C ERP Module

D Tally Gold Edition 

5 What is Short-cut key for selecting company?

A Alt + F1

B F1 – Correct answer

C Ctrl + F1

D Alt + Ctrl + F1 

6 What are the two ledgers that is by default provided by tally?

A Cash a/c & Bank a/c

B Bank a/c & P/L a/c

C Cash a/c & P/L a/c – Correct answer

D None of the above 

7 How to activate calculator in tally anywhere?

A Alt + C

B Ctrl + N – Correct answer

C Ctrl + Alt + N

D Ctrl + R 

8 What are the languages required for tally?

A C

B C++

C C & C++ – Correct answer

D None of the above 

9 What is Primary Key?

A A primary key is a maximal set of attributes in a table that uniquely identifies tuples in that table.

B A primary key is a minimal set of attributes in a table that uniquely identifies tuples in that table.

C A primary key is a unique identifier.

D Both B & C – Correct answer

10 What is the short-cut key for back-up?

A Shift + Tab – Correct answer

B Alt + Tab

C Shift + Ctrl + Tab

D None of the above 

11 What is the short-cut to copy text from Tally?

A Ctrl + Alt + C – Correct answer

B Alt + C

C Ctrl + Shift + C

D Alt + Shift + C 

12 What is the short-cut to paste text from Tally?

A Ctrl + Shift + V

B Alt + V

C Ctrl + Alt + V – Correct answer

D Alt + Shift + V 

13 How can you file an income tax return in India?

A www.gst.gov.in

B www.mca.gov.in

C www.incometaxindiaefiling.gov.in – Correct answer

D None of the above 

14 What are the details required for filing income tax returns?

A PAN, Aadhar Card, Current address and Bank Details

B Income proofs and information about all the deductions claimed under Section 80

C Tax payment information such as TDS and advance tax payments

D All of the above – Correct answer

15 What is the benefit of income tax return file?

A Claim Tax Refund

B Income & Address Proof

C Avoid Penalty and Prosecution

D All of the above 

16 What is the due date of submission of return for an individual?

A 31st July – Correct answer

B 31st August

C 30th September

D 31st October 

17 What is the due date of submission of return for a company?

A 31st July

B 31st August

C 30th September – Correct answer

D 31st October 

18 What is the Short-cut key for Payments in Tally?

A F3

B F4

C F5 – Correct answer

D F6

19 What is the short-cut key for Receipts (transaction for direct cash) in Tally?

A F4                                        

B F5

C F6 – Correct answer                       

D F7 

20 Which Shortcut key is used to create a new company in Tally?

A Ctrl+F3

B Alt+F3 – Correct answer

C Ctrl+F4

D Alt+F4 

21 Create a new company in Tally from Company Info. menu is possible by selecting:

A New Company

B Start Company

C Create

D Create Company – Correct answer

22 The option used in Tally to close opened Company is:

A Alter Company

B Close Company

C Shut Company – Correct answer

D Exit Company 

23 The return of income is to be furnished in

A ITNS281

B Form 26AS

C Form26Q

D ITR 1 – to 7 (as the case may be) – Correct answer

24 Which one from the following options is the acknowledgement of filing the return of income?

A ITR4

B ITR – V – Correct answer

C Form26AS

D Form 26QB 

25 The return of income can be filed with the Income-tax Department in electronic mode only.

A TRUE

B FALSE – Correct answer

26 A company can file its return electronically without digital signature.

A TRUE

B FALSE – Correct answer

27 A firm or an individual or a Hindu Undivided Family (HUF) whose books of account are required to be audited under section 44AB shall furnish the return of income electronically under digital signature.

A TRUE – Correct answer

B FALSE 

28 A resident and ordinarily resident individual/HUF having any assets (including financial interest in any entity) located outside India or signing authority in any account located outside India shall furnish the return of income electronically with digital signature.

A TRUE

B FALSE – Correct answer

29 A partnership firm required to get its books of account audited shall file the return of income electronically with or without digital signature

A TRUE

B FALSE – Correct answer

30 Where the return of income is electronically filed without digital signature and without using electronic verification code, then a copy of ITR-V, duly signed by the taxpayer, is to be sent (within the period specified in this regard, i.e., 120 days) by ordinary post or speed post or courier to “Income-tax Department – CPC, Post Bag No. 1, Electronic City Post Office, Bengaluru–560100 (Karnataka).

A TRUE

B FALSE – Correct answer

31 TDS (Tax deducted at source) was deducted on interest from tax- saving Fixed Deposits (FDs) The tax payer--------

A Will not have to report the income because tax has already been paid.

B Has to add the income to his annual income and pay additional tax if necessary – Correct answer

C Can claim a refund of the TDS because these were tax saving fixed deposit

D Any of the above. 

32 Number of digit in a PAN card is:

A 7                                          

B 9

C 10 – Correct answer                       

D 8 

33 Which sub menu is used to create new ledger, groups and voucher types in tally

A Account Info – Correct answer

B Accounting Vouchers

C Inventory Vouchers

D Inventory Info 

34 If the recipient of income doesn’t furnish his PAN to deductor then TDS is to be deducted at which rate?

A 10%                                     

B 15%

C 5%                                       

D 20% – Correct answer

35 Related fields in a database are grouped to form a

A Data file.

B Data record. – Correct answer

C Bank.

D Menu. 

36 A report generator is used to

A Delete files

B Print files on paper. – Correct answer

C Data entry.

D Update files 

37 Which option is used in Tally to make changes in created company?

A Shut Company

B Select Company

C Alter – Correct answer

D None of these 

38 Salary Account comes under which head

A Indirect Incomes

B Indirect Expenses – Correct answer

C Direct Incomes

D Direct Expenses 

39 To creating voucher, step after GOT is

A Accounts info. – Correct answer

B Accounting vouchers

C Inventory vouchers

D Inventory info. 

40 Which menu appears after starting tally for the first time?

A Gateway of Tally

B Company Info – Correct answer

C Display

D None of these 

41 Which shortcut key is used in Company Features screen to use Inventory features in Tally?

A F1

B F2 – Correct answer

C F4

D F3 

42 We deduct ----- after computing tax liability, to determine the actual tax payment.

A Advance tax

B TDS

C TCS

D Both A & B – Correct answer

43 Which shortcut key to zoom in Tally?

A Alt+P

B Alt+Z – correct answer

C Alt+Ctrl+Z

D None of these 

44 Which shortcut key is used in company for statutory and taxation in Tally?

A F11 And Then F3 – correct answer

B F12 And Then F3

C Alt+F11

D Alt+Ctrl+F11 

45 Which key is used to post credit purchase in Tally?

A F8                                        

B F9 – Correct answer

C F10                                      

D F2 

46 Where do we record transactions of Salary, Rent paid?

A Contra

B Journal

C Receipt

D Payment – Correct answer

47 In Tally functions of F3 button

A To close the company

B To select the different company – Correct answer

C To change the current date

D To select the company 

48 All payments are entered under Accounting Voucher in Tally through

A F5 – Correct answer                                   

B F6

C F7                                                    

D F8 

49 For Bad Debt Recovery which group required to be selected

A Indirect income – Correct answer

B Direct income

C Direct expenses

D Indirect expenses 

50 Is it possible to load companies with the same name at the same time?

A Yes

B No – Correct answer

C Always possible

D Sometimes possible 

51 Tally ERP 9 Logo is displayed at

A Left of the bottom pane – Correct answer

B Right of the bottom pane

C Middle of the bottom pane

D None of the above 

52 Find out which is not a Default Ledger in Tally

A Profit and Loss

B Cash in Hand

C Capital Account – Correct answer

D None of these 

53 Choose the right option to change the Company Information

A Company info> Back up

B Company info> Alter – Correct answer

C Company info> split Company Data

D None of these 

54 Multiple godown are activated from

A F11

B F11>F1

C F11>F2 – Correct answer

D F11>F3 

55 To print a voucher from Tally pressing

A Ctrl+P

B Shift +P

C Alt +P – Correct answer

D Ctrl+Alt +P 

56 Select the right usefulness of Tally vault Password

A It will lock the period of Company Sales

B It will lock the period of Company

C It will lock all voucher entries for that Company

D It will not show the Company Name in the Company Select List – Correct answer

57 In Tally to make journal entry select the right option

A F7 – Correct answer

B F10

C F11

D Alt+F7 

58 Select Credit Note Voucher with shortcut key

A Alt+F8

B Ctrl+F8 – Correct answer

C Shift+F8

D None of the above 

59 For Reconciliation of Bank in bank ledger press

A F3                                        

B F5 – Correct answer

C F10                                      

D F12 

60 To record purchase of Fixed Assets in credit, pass the entry from

A Payment mode

B Receipt Mode

C Journal Mode – Correct answer

D Contra Mode 

61 Patent account falls under :

A Investments

B Liabilities

C Current Assets

D None of these – Correct answer

62 To get Payroll Reports choose

A Gateway of Tally>Display

B Gateway of Tally>Display> Statement of Accounts

C Gateway of Tally>Display> Statement of Payroll

D Gateway of Tally>Display>Payroll Reports – Correct answer

63 TDS deduction entry can be made through

A Payment Voucher

B Journal Voucher – Correct answer

C Receipt Voucher

D All of the above 

64 Which shortcut key is pressed to create a new Ledger during voucher entry ?

A Alt+ C – Correct answer                

B Alt+ X

C Alt+ D                                              

D Alt+ A 

65 To register and create account for e filing of Income Tax which is the required documents

A Permanent Account Number – Correct answer

B Tax Deduction Account Number

C TDS Certificate

D Form 16 

66 Following is an annual statement maintained for disclosing the details of tax credit in a tax-payer's account as per the database of the I-T Department:

A 234C                                               

B 26AS – Correct answer

C ITR V                                               

D None of the above 

67 Transfer of materials from one godown to another godown, use

A Manufacturing Journal

B Stock Journal – Correct answer

C Purchase Journal

D Both A & B 

68 To save entry without any amount, we have to use

A Cost Center

B Maintain Multiple godown

C Allow 0 value entry – Correct answer

D Use Rejection notes 

69 What is the Short-cut used for Sales Order in Tally?

A Alt + F4

B Alt + F5 – Correct answer

C Alt + F7

D Alt + F8 

70 We can repeat narration by pressing

A Shift + R

B Alt + R

C Ctrl + R – Correct answer

D Alt + Shift + R

71 In general the financial year from shall be from______

A 31st March of any year

B 1st April of any year– Correct answer

C All of above

D None of above

72 By default, which mode is on in Purchase and Sales voucher__________

A Item Invoice Mode– Correct answer

B Particulars Mode

C Normal Mode

D None

73 Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.___

A Nos

B Kgs– Correct answer

C Box

D Lts

74 Which of the following equation is true for balance sheet___________

A Liabilities = Assets + Capital

B Capital = Assets + Liabilities

C Assets = Liabilities + Capital– Correct answer

D All of  above

75 How many voucher types are readily available in Tally_______

A 16

B 18– Correct answer

C 28

D 20