Podcast
Questions and Answers
Which menu in Tally ERP 9 allows you to create a new company?
Which menu in Tally ERP 9 allows you to create a new company?
What is the shortcut key to quit Tally ERP 9?
What is the shortcut key to quit Tally ERP 9?
Which of the following is not a feature of Tally ERP 9?
Which of the following is not a feature of Tally ERP 9?
What type of ledger account is 'Sales' in Tally ERP 9?
What type of ledger account is 'Sales' in Tally ERP 9?
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Which of the following is not a default group in Tally ERP 9?
Which of the following is not a default group in Tally ERP 9?
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In Tally ERP 9, the term 'Contra' refers to:
In Tally ERP 9, the term 'Contra' refers to:
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The primary group under which 'Cash in Hand' is categorized in Tally ERP 9 is:
The primary group under which 'Cash in Hand' is categorized in Tally ERP 9 is:
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Which account is credited in a sales transaction?
Which account is credited in a sales transaction?
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Which option is used to create stock groups in Tally ERP 9?
Which option is used to create stock groups in Tally ERP 9?
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What is the purpose of the 'Reorder Level' in Tally ERP 9?
What is the purpose of the 'Reorder Level' in Tally ERP 9?
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How is a 'Godown' used in Tally ERP 9?
How is a 'Godown' used in Tally ERP 9?
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Which of the following ledgers would be created to record GST?
Which of the following ledgers would be created to record GST?
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In Tally ERP 9, IGST is applicable on:
In Tally ERP 9, IGST is applicable on:
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Which feature in Tally ERP 9 is used to manage employee salaries?
Which feature in Tally ERP 9 is used to manage employee salaries?
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Which of the following is a Payroll Voucher in Tally ERP 9?
Which of the following is a Payroll Voucher in Tally ERP 9?
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What does PF stand for in Tally ERP 9?
What does PF stand for in Tally ERP 9?
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Study Notes
Basic Operations
- Use the Company Info menu in Tally ERP 9 to create a new company.
- To quit Tally ERP 9, press Ctrl + Q.
- Tally ERP 9 does not include Human Resource Management as a feature.
- To modify a voucher in Tally, the option Alter should be used.
- Create a ledger using the shortcut key Alt + C.
Accounting Concepts
- The 'Sales' account is categorized as Income in Tally ERP 9.
- The group Stock-in-hand is not a default group within Tally ERP 9.
- "Contra" refers to a cash withdrawal or deposit entry in Tally ERP 9.
- Cash in Hand is categorized under the primary group Current Assets.
- In a sales transaction, the Sales Account is credited.
Inventory Management
- Stock groups are created under Gateway of Tally > Inventory Info.
- The 'Reorder Level' indicates the minimum stock level for reordering.
- A 'Godown' is utilized in Tally ERP 9 to track inventory location.
- A Purchase Voucher is a type of inventory-related voucher in Tally ERP 9.
- BOM stands for Bill of Materials in Tally ERP 9.
Taxation
- To enable GST, navigate to Gateway of Tally > Statutory & Taxation.
- IGST applies to Inter-state sales.
- The ledger Output GST is created for recording GST.
- Enable the feature under Statutory & Taxation to calculate GST in Tally ERP 9.
- Purchase voucher type is used for recording GST purchases.
Payroll
- The aspect for managing employee salaries in Tally ERP 9 is called Payroll Management.
- Employee Groups are utilized to categorize different employee types.
- Attendance is classified as a Payroll Voucher in Tally ERP 9.
- PF stands for Provident Fund in the context of payroll in Tally ERP 9.
- Activate payroll with the shortcut key F11.
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Description
Test your knowledge of Tally ERP 9 with this comprehensive MCQ quiz. It covers essential topics such as basic operations, accounting concepts, inventory management, and payroll. Perfect for students and professionals looking to enhance their Tally skills.