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Commerce

Tally MCQs

Practice Tally MCQs for competitive exams.

Tally MCQs

Practice questions from this topic.

How many types of users are present in tally

  1. A. 1
  2. B. 2
  3. C. 3
  4. D. 4
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Which of the following shows daily balance for a selected voucher type

  1. A. Day book
  2. B. Trial Balance
  3. C. Balance Sheet
  4. D. None of the above
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Which of the following can be budgeted in tally

  1. A. Nett Transactions
  2. B. Closing Balance
  3. C. Both A and B
  4. D. None of the above
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What is the advantage of a computer-based transaction processing system

  1. A. Does not require as stringent a set of internal controls
  2. B. Will produce a more accurate set of financial statements
  3. C. Eliminates the need to reconcile control accounts and subsidiary ledgers
  4. D. Will be more efficient at producing financial statements
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Which of the following file is usually used as a master file

  1. A. Inventory subsidiary
  2. B. Cash disbursements
  3. C. Cash receipts
  4. D. Payroll transactions
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How can data be imported in tally

  1. A. One company to another company created within Tally Package
  2. B. Other programs - a spreadsheet or a database file
  3. C. Depends on number of companies
  4. D. Both A and B
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Which of the following user type can view audit list

  1. A. Tally Vault
  2. B. Owner
  3. C. Data Entry
  4. D. Administrator
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Which of the following is used for voucher entry

  1. A. Ledger Account
  2. B. Groups
  3. C. Sub-Groups
  4. D. Depends on number of companies
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What is the predefined number of groups in tally

  1. A. 16
  2. B. 28
  3. C. 128
  4. D. 228
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How to activate the tally audit feature in a company

  1. A. Press F11 key
  2. B. During the creation of a company
  3. C. In comp info > security control-option
  4. D. Press F12 key
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Which option lists inventory valuation method in tally

  1. A. Stock report
  2. B. Stock journal
  3. C. Stock analysis
  4. D. Stock summary
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________ gives the balance for each day for the voucher type has been selected

  1. A. Trial Balance
  2. B. Day book
  3. C. Balance Sheet
  4. D. None of the above
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