Tally ERP 9 MCQ Test
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Questions and Answers

Which menu in Tally ERP 9 allows you to create a new company?

  • Gateway of Tally
  • Company Info (correct)
  • Accounting Info
  • Display

What is the shortcut key to quit Tally ERP 9?

  • Ctrl + M
  • Ctrl + Q (correct)
  • Alt + Q
  • Alt + F4

Which of the following is not a feature of Tally ERP 9?

  • Payroll Management
  • Human Resource Management (correct)
  • Inventory Management
  • Taxation

What type of ledger account is 'Sales' in Tally ERP 9?

<p>Income (B)</p> Signup and view all the answers

Which of the following is not a default group in Tally ERP 9?

<p>Stock-in-hand (A)</p> Signup and view all the answers

In Tally ERP 9, the term 'Contra' refers to:

<p>A cash withdrawal or deposit (D)</p> Signup and view all the answers

The primary group under which 'Cash in Hand' is categorized in Tally ERP 9 is:

<p>Current Assets (D)</p> Signup and view all the answers

Which account is credited in a sales transaction?

<p>Sales Account (C)</p> Signup and view all the answers

Which option is used to create stock groups in Tally ERP 9?

<p>Gateway of Tally &gt; Inventory Info (D)</p> Signup and view all the answers

What is the purpose of the 'Reorder Level' in Tally ERP 9?

<p>To set minimum stock level for reordering (B)</p> Signup and view all the answers

How is a 'Godown' used in Tally ERP 9?

<p>To track inventory location (C)</p> Signup and view all the answers

Which of the following ledgers would be created to record GST?

<p>Output GST (C)</p> Signup and view all the answers

In Tally ERP 9, IGST is applicable on:

<p>Inter-state sales (A)</p> Signup and view all the answers

Which feature in Tally ERP 9 is used to manage employee salaries?

<p>Payroll Management (D)</p> Signup and view all the answers

Which of the following is a Payroll Voucher in Tally ERP 9?

<p>Attendance (B)</p> Signup and view all the answers

What does PF stand for in Tally ERP 9?

<p>Provident Fund (D)</p> Signup and view all the answers

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.

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