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11
Which option is used to move from one company to another when more than one companies are open
Discuss
Answer & Solution
Answer: Option C
Solution:
From the Company Info. menu choose Select Company option to move from one company to another when more than one companies are open.
12
Which menu is used to create new ledgers, groups and voucher types in Tally
Discuss
Answer & Solution
Answer: Option D
Solution:
New ledgers, groups and voucher types in Tally is created from Masters
Go to Gateway of Tally > (under Masters) Account info.
13
Which submenu is used to create new ledgers, groups and voucher types in Tally
Discuss
Answer & Solution
Answer: Option A
Solution:
New ledgers, groups and voucher types in Tally is created from Account info submenu.
Go to Gateway of Tally > (under Masters) Account info.
14
Which submenu is used for voucher entry in Tally
Discuss
Answer & Solution
Answer: Option B
Solution:
For voucher entry in Tally Accounting Vouchers submenu is used.
Go to Gateway of Tally > (under Transactions) Accounting Vouchers
15
Salary Account comes under which head
Discuss
Answer & Solution
Answer: Option B
Solution:
Salary Account is generally indirect expense because it cannot be conveniently allocated to a particular product.
16
How many groups are pre-defined in Tally
Discuss
Answer & Solution
Answer: Option A
Solution:
Tally.ERP 9 provides a list of Groups called pre-defined groups. There are twenty eight pre-defined groups in Tally.ERP 9. These groups are a part of the chart of accounts for most organizations. For example, Sales Accounts is a pre-defined group. All sales ledgers can be classified under this group.
17
How many primary groups are there in Tally
Discuss
Answer & Solution
Answer: Option C
Solution:
Out of the twenty eight pre-defined groups, fifteen are primary groups and thirteen are sub-groups. The user can create any number of Primary Groups and Sub Groups which are again grouped under a Primary Group/Sub Group.
18
How many secondary groups are there in Tally
Discuss
Answer & Solution
Answer: Option B
Solution:
Out of the twenty eight pre-defined groups, fifteen are primary groups and thirteen are sub-groups. The user can create any number of Primary Groups and Sub Groups which are again grouped under a Primary Group/Sub Group.
19
Which option is used to view list of Primary and Secondary groups in Tally
Discuss
Answer & Solution
Answer: Option A
Solution:
List of accounts is used to view list of Primary and Secondary groups in Tally. It displays the existing chart of accounts, listed as groups, in alphabetical order.
To view list of accounts:
Go to Gateway of Tally > Display > List of Accounts
20
Which ledger is created by Tally automatically as soon as we create a new company
Discuss
Answer & Solution
Answer: Option D
Solution:
There are two pre-defined (or automatically created) ledgers available in Tally.ERP 9, they are:

Cash - This Ledger is created under the Group Cash-in-hand. You can enter the opening balance as on the date of books beginning from. You can also alter the name and even delete the Ledger.

Profit and Loss Account - This Ledger is created under the Group Primary. Previous year’s Profit or Loss is entered as the opening balance for this ledger. The balance entered here is treated as the opening profit/loss and shown in the Balance Sheet as opening balance of Profit and Loss account in the Liabilities side.

You cannot delete this ledger, but you can modify the same.