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</p> Signup and view all the answers

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

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

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

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

    Which account is credited in a sales transaction?

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

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

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

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

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

    In Tally ERP 9, IGST is applicable on:

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

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

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

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

    <p>Attendance</p> Signup and view all the answers

    What does PF stand for in Tally ERP 9?

    <p>Provident Fund</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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    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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