Tally mcq questions With Answer | Accounting ERP Question | Computer Fundamental

F11 features of company are further divided into different categories
1. Accounting Features
2. Inventory Features
3. Statutory and Taxation
4. Tally Software Services (TSS) Features
5. Add-on Features

These product in India generally sold in Kilogram (Kgs), so Kgs unit should be created for stock items like grain, pulse, sugar, oil, ghee etc. It can vary country to country.

Gateway of Tally > Display > Trial Balance

Gateway of Tally > Reports > Profit & Loss A/C

By default, Item Invoice Mode (Alt+I) is on in Purchase and Sales voucher

Gateway of Tally > Display > Account Books > Purchase Register

Stock Categories offers an alternative classification of Stock Items. Like stock Groups, classification is done based on similarity in behaviour. The advantage of Categorizing items is that you can classify the stock items (based on functionality) together – across different stock groups which enables you to obtain reports on alternatives or substitutes for a stock item. It is not Mandatory. For enabling Stock Category option in the Inventory Info menu, press F11 > Inventory Features > Set Yes for Maintain stock categories .

Trial balance is a list of ledger accounts balances, showing debit balances and credit balances, separately on a certain date. Trial balance is only a statement not an account. Every transaction has equal debit and credit aspects so that the trial balance possesses equal debit and credit balances. Preparing trial balances monthly will help you to fix errors as soon as it happens.

Gateway of Tally > Display > Account Books

Gateway of Tally > Display > Inventory Books