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

This chapter cater to you MCQ and aptitude questions and answers on Tally ERP. Tally Accounting Package is hold a very good value in technical aptitudes. Page-7 section-1

Each section contains 100 MCQs on Tally .
61
We can get the report of Interest from
Discuss
Answer & Solution
Answer: Option D
Solution:
Gateway of Tally > Display > Statements of Accounts > Interest Calculations > Ledger .
62
To see reports of Job Work Analysis
Discuss
Answer & Solution
Answer: Option B
Solution:
Gateway of Tally > Display > Job Work In Reports > Job Work Analysis
63
To create Scenario which option requires to be activated
Discuss
Answer & Solution
Answer: Option D
Solution:
Gateway of Tally > F11: Features: F2: Accounting Features > Set Use Rev. Journals & Optional Vouchers? to Yes.
64
Optional Voucher is one type of
Discuss
Answer & Solution
Answer: Option B
Solution:
The Non Accounting/Unconventional Vouchers are the special vouchers that are used to record provisional or non-accounting transactions. Unconventional vouchers are mainly used to exclude unnecessary entries or provisional entries from the books of accounts and make them available for what if (future reports, projections, forecasts etc.) reports required at any given time.
65
List of Optional Voucher we can get from
Discuss
Answer & Solution
Answer: Option B
Solution:
Gateway of Tally > Display > Exception Reports > Optional Vouchers
66
Single Entry mode is applicable for
Discuss
Answer & Solution
Answer: Option D
Solution:
Tally gives a handy option of entering vouchers in single entry mode and double entry mode. These options are available for Contra, Receipt and payment vouchers.
Tally mcq solution image
67
Reversing journal is a
Discuss
Answer & Solution
Answer: Option B
Solution:
Reversing Journals (Non-Accounting/Unconventional Voucher) are special journals that are automatically reversed after a specified date. They exist only till the specified date and are effective only when they are included in reports like the Balance Sheet.
Gateway of Tally > Display > Exception Reports > Reversing Journals
68
To hide the name of the Company you need to define
Discuss
Answer & Solution
Answer: Option D
Solution:
Tally Vault is like a lock which is not going to show company into the list of companies, due to which your company details will not be accessible by anyone and secrecy and privacy can be maintained with the help of that feature. When company will be selected from 'select company' menu, symbol like this ************ will be shown. Thus, not showing any of the details of the company to others.
So Tally Vault is a kind of security feature built in Tally. An advanced level security feature in Tally ERP to keep up confidentiality of information by encrypting the data. Tally Vault uses a password with an advanced algorithm to validate a new user without any prior understanding of the password and the form of data is not located on the device.
69
Goods returning to a Creditor after challan but before bill we need to pass
Discuss
Answer & Solution
Answer: Option C
Solution:
Rejection Out/Purchase Returns (Alt + F6 ) Voucher is used to record goods returned back that were rejected by the company.
70
Branch / Division is a group defined under
Discuss
Answer & Solution
Answer: Option A
Solution:
Branch / Division is a group defined under Liabilities