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Whether you are trying for a job in accounting or learning tally accounting software or you are about to face an interview or online aptitude test on tally accounting software. You are at right place because we have compiled more than 200 multiple choice questions with answers to help you in preparing for any online test or personal interview. Tally questions and answers will also make you an expert on Tally Software, keep practicing and write your feedback. We will add more questions with answers in future in MCQs on Tally for Interview and Online Aptitude Tests, visit this post for all future updates.
1. Which account is the odd one
A. Furniture
B. Land and buildings
C. Stock of raw materials
D. Plant and machinery
Answer
Answer: Option C
Explanation : All of above mentioned are tangible asset as they have finite monetary value and available in physical form. Among all except Stock of raw materials are Fixed Assets where as Stock of raw materials is current assets.
2. Which of the following is the example of external users of accounting information
A. Government
B. Owners
C. Management
D. Employee
Answer
Answer: Option A
Explanation : Government is the example of external users of accounting information.
3. A ______ is sent to a customer when he returns the goods
A. Debit note
B. Credit note
C. Proforma invoice
D. Bill
Answer
Answer: Option B
Explanation : Sales return are recorded in Credit note voucher. A credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the goods returned by the buyer.
4. A ______ is sent to the seller when he is taken back the sold goods
A. Debit note
B. Credit note
C. Proforma invoice
D. Bill
Answer
Answer: Option A
Explanation : A debit note is sent to the seller when he is taken back the sold goods.
5. Which of the following is not a transaction
A. Goods are purchased on cash basis for Rs 1000
B. Salaries paid for the month of May 20XX
C. Land is purchased for Rs 10 lakhs
D. An employee is dismissed from the job
Answer
Answer: Option D
Explanation : An accounting transaction is a business event having a monetary impact on the financial statements of a business. It is recorded in the accounting records of the business. An employee is dismissed from the job does not have any monetary impact so it is not a transaction.
6. Which shortcut key is used in Company Features screen to use Accounting Features in Tally
A. F1
B. F2
C. F3
D. F4
Answer
Answer: Option A
Explanation : F1 shortcut key is used in Company Features screen to use Accounting Features in Tally.
7. Which shortcut key is used in Company Features screen to use Inventory Features in Tally
A. F1
B. F2
C. F3
D. F4
Answer
Answer: Option B
Explanation : F2 shortcut key is used in Company Features screen to use Inventory Features in Tally.
8. Which shortcut key is used in Company Features Screen to use Statutory & Taxation in Tally
A. F3
B. F4
C. F2
D. F1
Answer
Answer: Option A
Explanation : F3 shortcut key is used in Company Features Screen to use Statutory & Taxation in Tally.