MYTHRI OJAS INSTITUTE

TALLY ERP 9 EXAM

NAME OF THE STUDENT: BATCH TIME:

1. Tally package is developed by ( )

a. Petronics c. Coral software

b. Tally solutions d. Vedic software

2. Company Restore option is available in ( )

a. Company Feature c. Configuration

b. Company Information d. None of these

3. In general the financial year from shall be from ( )

a. 1st April of any year c. All of them are true

b. 31st March of any year d. None of these

5. We can modify an existing company from ( )

a. Company info > Alter c. Gate way of tally > Modify

b. Company info> Alter company
Company d. None of these

6. To change current date from gateway of tally press the key ( )

a. F1 c. F2
b. F5 d. F9

7. Part account can be created through ( )

a. Group creation window c. Inventory creation window

b. Ledger creation window d. Any one of them

8. A Ledger may get declaration space for its Alias through ( )

a. F12 c. Alt+F1
b. F11 d. ALt+F2

9. F12 key is known as ( )

a. Company feature c. Accounting Feature

b. Company Configuration d. None of these
10. What is the utility of Tally Vault Password? ( )
a. it will lock the period of c. It will no show the company
company name in the Company Select List.
b. it will lock all voucher entries d. None of these
for that company
11. We can show bill wise details of debtors and creditor by activating ( )

a. Bill by bill c. Maintain reference

b. Maintain bill wise details d. None of these

12. The shortcut key to quit from tally is ( )

a. Ctrl +L c. Ctrl +M
b. Ctrl +P d. Ctrl +Q

13. A Ledger can't be deleted if it is caring Opening Balance ( )

A. True
b. False

14. How many inbuilt account group are in tally by default? ( )

a. 28 c. 25
b. 31 d. 34

15. The shortcut used to activate calculator is ( )

a. Ctrl +N c. Ctrl +A
b. Ctrl +M d. Ctrl + C

16. Suspense Account Group is defined under ( )

A. Income c. Liabilities
b. Expenditure d. Assets

17. To activate MRP feature from Gateway of Tally initially we need to press
( )
a. F11 c. F10
b. F12 d. None of these

18. Manufacturing Journal creates based on ( )

a. Journal c. Stock Journal

b. Receipt Note d. Purchase Quotation

19. To activate job Costing which option require to be activated ( )

a. Maintain Cost Center c. Both a & b

b. Use Cost Center for Job d. None of these
Costing
20. Multiple Godowns are activated from ( )
 a. F11 c. F11 > F2
b. F11> F1 d. F11 > F3

21. There are.............................. Predefined Ledger ( )

a. One c. Two
b. Three d. Four

22. To print a voucher from tally we need to press ( )

a. Ctrl +p c. Alt +P
b. Shift +P d. None of these

23. We can see working capital figure changing ( )

a. Voucher Configuration c. Balance sheet

b. Profit & Loss Configuration
configuration d. Ledger Configuration

24. Input vat / Output vat Ledger Created under which account? ( )

a. Duties & Taxes c. Purchase

b. Sales d. Vat

25. Allow Components List details (BOM) option is activated for ( )

a. Ledger c. Stock items

b. Cost Category d. Budgets

26. We can repeat narration by pressing ( )

a. Shift + R c.Crl +
b. Alt +R d. Alt+Shift+R

27. Discount Column is available in ( )

a. Sales Invoice c. Both A & B
b. Purchase Invoice d. None of these

28. We can cancel a voucher Using: ( )

a. Alt+X c. Shift + X
b. Ctrl +X d. Ctrl +Shift+X

29. We can't select Cash in Journal Voucher ( )

a. True
b. False
30. List of Optional Voucher we can get from ( )

a. Cash Bank Book c. Account Book

b. Exceptional Report d. Balance Sheet

31. Single Entry Mode is Applicable for ( )

a. Receipt Voucher c. Payment Voucher

b. Contra Voucher d. All of these

32. To Hind the name of the company you need to define ( )

a. Security Control c. Create at Least one User

b. Tally Audit d. Tally Vault Password

33. To declare a voucher as Post Dated Press ( )

a. Ctrl +T c. Ctrl +P
b. Alrt +T d. None of these

34. We can switch from Accounting Voucher to inventory Voucher Pressing

( )

a. F2 c. Ctrl +F1
b. Alt +F1 d. F11

37. Goods Returning to a creditor after challan but before bill we need to pass
( )

a. Debit Note c. Rejection Out

b. Receipt Note d. Rejection in

38. To Use Dr/Cr instead of To/By during voucher entry or vice versa, Press
( )

a. F10 c. F11
b. F12 d. None of these

39. To Alter a master while making an entry or viewing a report

( )

a. Alt + Enter c. Ctrl + Enter

b. Shift + Enter d. Tab + Enter

40. To show the cheque number while reconciling bank accounts press
( )
 a. F11 c. Ctrl + F11
b. F12 d. Ctrl + F12

41. Total number of Ledger, Groups, and Entries etc can be shown from
( )

a. Tally Audit c. Accounts Information

b. Statistics d. Company Information

42. Business transactions are recorded:- ( )

(a) in chronological order (c) at the end of the month

(b) weekly

43. Goods returned of Rs. 500/- by Anil will be entered in-

( )

(a) Purchases Book (c) Sales Book

(b) Purchases Returns A/c

(d) Sales Returns Book

44. Purpose of Sales Book is-

( )

(a) To record all sales made by the firm

(b) To record payment due to creditors

(c) To record all credit sales made by the firm

(d) to record credit sales of goods made by the firm

45. A ledger is called a book of :- ( )

 (a) Primary entry (c) Final entry

(b) Secondary entry

46. A Ledger Account is prepared from:- ( )

(a) events (c) Journal

(b) transactions

47. Classify the following under the three types of accounts ( Real, Nominal or
Personal): ( )

(a) Drawings (b) Cash

(c) Capital (d) Machinery

(e) Bank (f) Depreciation

48. Tracking number is used in _____________transaction

( )
A. Credit balance D. Balance entered in
B. Debit balance voucher
C. Exact difference balance
 49. Term loans & other medium /long _term loans comes under __________Group
( )

a) Unsecured Loan
b) Secured Loan
c) Loans & Advances
d) Current liability
50. Manufacturing expenses comes under___________ Group
( )

a) Expenses (Indirect)
b) Miss Expenses
c) Direct Expenses
d) None

I. Enter the following transaction into tally.

1. Mr Rajeev started business with cash Rs.500000.

2. Cash deposited to SBI Rs 100000.
3. Purchases machinery at Rs. 200000
4. Wages paid Rs 4000, Actual wages Rs 5000.
5. Rent paid in advance Rs 1500.
6. Goods purchase from XYZ company Rs. 8000
7. Goods sold and received cheque 15000.
8. Goods returned to XYZ company Rs 1000.
9. Depreciation charged 10% on fixed asset
10. Interest allowed by bank on their deposit Rs 200.
11. Commission received Rs. 1000.
12. Purchase material from T&T company
As
 a. Soaps 10000 nos @ 30 each
b. Shampoo 500 nos @ 5 each
c. Oil (sunflower) 1000 ltrs @ 80 each

13. Sold items to cash as below

Soaps 200 nos @50 each
Oil 100 ltrs @100 each
14. Cash paid to T& T company Rs 10000
15. Sold items to Manvi pvt ltd on credit
Shampoo 300 nos @ 7 each
Oil 500 ltrs @ 120 each
16. Charge additional cost of purchase @ 10%
17. Received cash from Manvi company

II. Create pay slip for your self

III. Write total accounting groups