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Commerce

Tally MCQs

Practice Tally MCQs for competitive exams.

Tally MCQs

Practice questions from this topic.

Capital is treated as liability because of

  1. A. Dual aspect concept
  2. B. Money measurement concept
  3. C. Matching concept
  4. D. Entity concept
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A trial balance is prepared

  1. A. To prepare p &l a/c
  2. B. To test the arithmetical accuracy
  3. C. For making adjustments
  4. D. To balance the a/c
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Transactions are firstly entered in:

  1. A. Journal
  2. B. Ledger
  3. C. Trial balance
  4. D. None of these
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Drawings account is to be created by linking with

  1. A. Capital
  2. B. Current asset
  3. C. Current liability
  4. D. Drawings
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Patent account falls under

  1. A. Investments
  2. B. Liabilities
  3. C. Current assets
  4. D. None of these
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Income tax number of the company will appear in which report

  1. A. Cash/bank book
  2. B. Profit and loss a/c
  3. C. Reminder letter
  4. D. None of these
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Transfer from main cash to petty cash you require to pass ________

  1. A. Voucher
  2. B. Payment
  3. C. Contra
  4. D. Receipt
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Which of the following is not a disadvantage of introducing computerized accounting system

  1. A. Possible demotivation through reundance
  2. B. High expenditure on set up
  3. C. Saving made on labour cost
  4. D. Required staff training
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Predefined groups are also called as

  1. A. Main group
  2. B. Primary group
  3. C. Statutory group
  4. D. Parent group
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The options 'use common narration' and 'narration each entry' appear

  1. A. Account creation screen
  2. B. Voucher entry screen
  3. C. F11 Accounting features
  4. D. Voucher type creation screen
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Collection of ledgers of same nature is called

  1. A. Vouchers
  2. B. Asset
  3. C. Group
  4. D. None of these
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Integrated accounts with inventory is available in

  1. A. F12 configuration
  2. B. F11 features
  3. C. Inventory info
  4. D. Accounts info
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