Top 250+ Solved Computerized Accounting with Tally MCQ Questions Answer
Q. A Group Company is ------------------------- given to the merged accounts of membercompanies of the group.
a. a name
b. an identity
c. A and B
d. None of the above
Q. In tally you get currency symbol option from _______ menu
a. Company creation
b. Stock items units
c. Regional setting
d. None of the above
Q. ------------------ gives the balance for each day for the voucher type has been selected.
a. Trial Balance
b. Daybook
c. Balance Sheet
d. None of the above
Q. Which option lists inventory valuation method in tally?
a. Stock report
b. Stock journal
c. Stock analysis
d. Stock summary
Q. How to activate the tally audit feature in a company?
a. Press F11 key
b. During the creation of a company
c. In -comp info -> security control-option
d. Press F12 key
Q. Which of the following is used for voucher entry?
a. Ledger Account
b. Groups
c. Sub-Groups
d. Depends on number of companies
Q. Which of the following user type can view audit list?
a. Tally Vault
b. Owner
c. Data Entry
d. Administrator
Q. How can data be imported in tally ?
a. One company to another company created within Tally Package
b. Other programs - a spreadsheet or a database file.
c. Depends on number of companies
d. Both A and B
Q. Which of the following file is usually used as a master file?
a. Inventory subsidiary
b. Cash disbursements.
c. Cash receipts.
d. Payroll transactions.
Q. What is the advantage of a computer-based transaction processing system?
a. Does not require as stringent a set of internal controls.
b. Will produce a more accurate set of financial statements.
c. Eliminates the need to reconcile control accounts and subsidiary ledgers.
d. Will be more efficient at producing financial statements.
Q. Which of the following can be budgeted in tally?
a. Net Transactions
b. Closing Balance
c. Closing Balance
d. A and B
Q. Which of the following shows daily balance for a selected voucher type?
a. Daybook
b. Trial Balance
c. Balance Sheet
d. None of the above