MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 478 Mcqs, each offering curated multiple-choice questions to sharpen your Computer Fundamentals knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
Budget represents ________________ |
| A. | Estimation |
| B. | Forecasting |
| C. | Assumption |
| D. | All of these |
| Answer» E. | |
| 152. |
Branch / Division is a group defined under |
| A. | Liabilities |
| B. | Assets |
| C. | Income |
| D. | Expenditure |
| Answer» B. Assets | |
| 153. |
Goods returning to a Creditor after challan but before bill we need to pass |
| A. | Debit Note |
| B. | Receipt Note |
| C. | Rejection Out |
| D. | Rejection In |
| Answer» D. Rejection In | |
| 154. |
To hide the name of the Company you need to define |
| A. | Security Control |
| B. | Tally Audit |
| C. | Create at least one User |
| D. | Tally Vault Password |
| Answer» E. | |
| 155. |
List of Optional Voucher we can get from |
| A. | Cash Bank Books |
| B. | Exceptional Reports |
| C. | Accounts Books |
| D. | Balance Sheet |
| Answer» C. Accounts Books | |
| 156. |
Optional Voucher is one type of |
| A. | Conventional Voucher |
| B. | Unconventional Voucher |
| C. | Both (a) & (b) |
| D. | None of these |
| Answer» C. Both (a) & (b) | |
| 157. |
To create Scenario which option requires to be activated |
| A. | Use Rev Journal & Optional voucher in F12 |
| B. | Use Optional voucher in F11 |
| C. | Use Reversing voucher in F11 |
| D. | Use Rev journal & Optional voucher in F11 |
| Answer» E. | |
| 158. |
Discount Column is available in |
| A. | Sales Invoice |
| B. | Purchase Invoice |
| C. | Both (a) and (b) |
| D. | None of these |
| Answer» D. None of these | |
| 159. |
We can use Stock Journal for |
| A. | Production and Consumption |
| B. | Inter Godown transfer for stock |
| C. | Both (a) and (b) |
| D. | None of these |
| Answer» D. None of these | |
| 160. |
Retained Earnings is an alias of |
| A. | Indirect Income |
| B. | Reserve and Surplus |
| C. | Capital Account |
| D. | Investments |
| Answer» C. Capital Account | |
| 161. |
We can see Working Capital figure changing |
| A. | Voucher configuration |
| B. | Profit & Loss configuration |
| C. | Balance Sheet configuration |
| D. | Ledger configuration |
| Answer» D. Ledger configuration | |
| 162. |
We can see list of Memorandum Vouchers from |
| A. | Cash/Bank Books |
| B. | Exception Reports |
| C. | Accounts Books |
| D. | Trail Balance |
| Answer» C. Accounts Books | |
| 163. |
In Tally, there are _________ predefined ledgers |
| A. | One |
| B. | Three |
| C. | Two |
| D. | Four |
| Answer» D. Four | |
| 164. |
To create Manufacturing Journal which option must be activated |
| A. | Use Common Narration |
| B. | Narrations for each entry |
| C. | Prefilled with Zero |
| D. | Use as manufacturing Journal |
| Answer» E. | |
| 165. |
Manufacturing Journal creates based on |
| A. | Journal |
| B. | Receipt Note |
| C. | Stock Journal |
| D. | Purchase Quotation |
| Answer» D. Purchase Quotation | |
| 166. |
Suspense Account Group is defined under |
| A. | Income |
| B. | Expenditure |
| C. | Liabilities |
| D. | Assets |
| Answer» D. Assets | |
| 167. |
What is the utility of Tally Vault Password |
| A. | It will lock the period of Company |
| B. | It will lock all voucher entries for that Company |
| C. | It will not show the Company Name in the Company Select List |
| D. | None of these |
| Answer» D. None of these | |
| 168. |
Party account can be created through |
| A. | Group creation window |
| B. | Ledger creation window |
| C. | Inventory creation window |
| D. | Any one of them |
| Answer» C. Inventory creation window | |
| 169. |
Which option is used to view Stock Items or Group Summary |
| A. | Accounts Books |
| B. | Inventory Books |
| C. | Statutory Books |
| D. | Display |
| Answer» C. Statutory Books | |
| 170. |
By which option Purchase or Sales register can be viewed |
| A. | Statutory Books |
| B. | Inventory Books |
| C. | Accounts Books |
| D. | Display |
| Answer» D. Display | |
| 171. |
Which reports are prepared monthly in Tally |
| A. | Profit & Loss A/C |
| B. | Balance Sheet |
| C. | Trial Balance |
| D. | Cash Flow of Funds Flow |
| Answer» D. Cash Flow of Funds Flow | |
| 172. |
By default, which mode is on in Purchase and Sales voucher |
| A. | Norma Mode |
| B. | Item Invoice Mode |
| C. | Particulars Mode |
| D. | None of these |
| Answer» C. Particulars Mode | |
| 173. |
Which option is true for viewing Profit & Loss A/C in Gateway of Tally |
| A. | Gateway of Tally? Reports ? Profit & Loss A/C |
| B. | Gateway of Tally? Display ? Profit & Loss A/C |
| C. | Gateway of Tally? Account Books ? Profit & Loss A/C |
| D. | None of these |
| Answer» B. Gateway of Tally? Display ? Profit & Loss A/C | |
| 174. |
Which option is used to view Trial Balance from Gateway of Tally |
| A. | Gateway of Tally? Reports ? Trial Balance |
| B. | Gateway of Tally? Trial Balance |
| C. | Gateway of Tally? Reports ? Display ? Trial Balance |
| D. | None of these |
| Answer» D. None of these | |
| 175. |
Which of the following equation is true for balance sheet |
| A. | Assets = Liabilities +Capital |
| B. | Liabilities = Assets ? Capital |
| C. | Capital = Assets ? Liabilities |
| D. | All of these |
| Answer» E. | |
| 176. |
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally |
| A. | Journal |
| B. | Payment |
| C. | Contra |
| D. | Receipt |
| Answer» B. Payment | |
| 177. |
Where do we record credit purchase of furniture in Tally |
| A. | Purchase |
| B. | Payment |
| C. | Receipt |
| D. | Journal |
| Answer» E. | |
| 178. |
If we purchase any fixed asset in credit, we can pass it from |
| A. | Payment mode |
| B. | Receipt mode |
| C. | Journal mode |
| D. | Contra mode |
| Answer» D. Contra mode | |
| 179. |
"Alias" represents |
| A. | Short name |
| B. | Nick name |
| C. | Code name |
| D. | All of these |
| Answer» E. | |
| 180. |
BOM represents |
| A. | Billing of Machines |
| B. | Bill of Materials |
| C. | Bill of Maintenance |
| D. | None of these |
| Answer» C. Bill of Maintenance | |
| 181. |
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 |
| Answer» E. | |
| 182. |
Where do we record transactions of salary, rent or interest paid |
| A. | Contra |
| B. | Journal |
| C. | Receipt |
| D. | Payment |
| Answer» E. | |
| 183. |
Rs.20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded |
| A. | Payment |
| B. | Receipt |
| C. | Contra |
| D. | Post-Dated |
| Answer» D. Post-Dated | |
| 184. |
Which voucher type is used to transfer amount from one bank to another |
| A. | Contra |
| B. | Payment |
| C. | Receipt |
| D. | Post-Dated |
| Answer» B. Payment | |
| 185. |
Which ledger is created by Tally automatically as soon as we create a new company |
| A. | Cash |
| B. | Profit & Loss A/c |
| C. | Capital A/c |
| D. | A and B both |
| Answer» E. | |
| 186. |
Which option is used to view list of Primary and Secondary groups in Tally |
| A. | List of Accounts |
| B. | Accounts |
| C. | List |
| D. | None of these |
| Answer» B. Accounts | |
| 187. |
How many secondary groups are there in Tally |
| A. | 15 |
| B. | 13 |
| C. | 28 |
| D. | 3 |
| Answer» C. 28 | |
| 188. |
Salary Account comes under which head |
| A. | Indirect Incomes |
| B. | Indirect Expenses |
| C. | Direct Incomes |
| D. | Direct Expenses |
| Answer» C. Direct Incomes | |
| 189. |
Which submenu is used for voucher entry in Tally |
| A. | Vouchers |
| B. | Account Vouchers |
| C. | Accounts Info |
| D. | None of these |
| Answer» C. Accounts Info | |
| 190. |
Which submenu is used to create new ledgers, groups and voucher types in Tally |
| A. | Account Info |
| B. | Inventory Info |
| C. | Accounting Vouchers |
| D. | Inventory Vouchers |
| Answer» B. Inventory Info | |
| 191. |
List of Optional Voucer we can get from |
| A. | Cash Bank Book |
| B. | Exceptional Report |
| C. | Account Book |
| D. | Balance Sheet |
| Answer» D. Balance Sheet | |
| 192. |
To Create Scenario which option require to be activated? |
| A. | use Rev. Journal & Optional Voucher in F12 |
| B. | use Optional Voucer in F11 |
| C. | Use Reversing Voucher in F11 |
| D. | Use Reversing Journal & Optional voucher in F11 |
| Answer» E. | |
| 193. |
We can cancel a voucher Using: |
| A. | Alt+X |
| B. | Ctrl +X |
| C. | Shift + X |
| D. | Ctrl +Shift+X |
| Answer» B. Ctrl +X | |
| 194. |
Allow Components List details (BOM) option is activated for |
| A. | Ledger |
| B. | Cost Category |
| C. | Stock items |
| D. | Budgets |
| Answer» C. Stock items | |
| 195. |
Input vat / Output vat Ledger Created under which account ? |
| A. | Duties & Taxes |
| B. | Sales |
| C. | Purchase |
| D. | Vat |
| Answer» B. Sales | |
| 196. |
There are ___________Predefined Ledger |
| A. | One |
| B. | Three |
| C. | Two |
| D. | Four |
| Answer» D. Four | |
| 197. |
Which option is used in Tally to close opened Company |
| A. | Alter |
| B. | Shut Company |
| C. | Create Company |
| D. | Select Company |
| Answer» C. Create Company | |
| 198. |
To activate job Costing which option require to be activated |
| A. | Maintain Cost Center |
| B. | Use Cost Center for Job Costing |
| C. | Both a & b |
| D. | None of these |
| Answer» C. Both a & b | |
| 199. |
How many inbuilt account group are in tally by default? |
| A. | 29 |
| B. | 31 |
| C. | 25 |
| D. | 34 |
| Answer» B. 31 | |
| 200. |
To activate MRP feature from Geteway of Tally initially we need to press |
| A. | F11 |
| B. | F12 |
| C. | F10 |
| D. | None of these |
| Answer» B. F12 | |