Tally Shortcut Keys and Features Quiz

Play an AI-generated podcast conversation about this lesson

What is the shortcut key to quit from Tally?

Ctrl + L

Ctrl + M

Ctrl + P

Ctrl + Q (correct)

How many inbuilt Accounts groups are in Tally by default?

31 (correct)

29

34

25

Which account group is the Suspense Account defined under?

Income

Liabilities

Assets (correct)

Expenditure

What is the MRP formula for inclusive of VAT?

(100*rate of vat)/ (100+rate of vat) (B) Signup and view all the answers

Which option must be activated to create a Manufacturing Journal?

Use as Manufacturing Journal (D) Signup and view all the answers

How many types of Measurement Units can be created in Tally?

Unlimited (D) Signup and view all the answers

How can a voucher be printed in Tally?

Ctrl + P (C) Signup and view all the answers

Under which account is the Input Vat Ledger created in Ledger configuration?

None of these (D) Signup and view all the answers

What is Retained Earnings an alias of?

Reserve and Surplus (D) Signup and view all the answers

Which shortcut key sequence can be used to repeat narration?

Shift + R (D) Signup and view all the answers

What does MRP stand for?

Maximum Retail Price (A) Signup and view all the answers

Which option allows the activation of 'Allow components list details (Bill of Materials)' in Tally?

Stock Items (A) Signup and view all the answers

Where can you view the total number of Ledgers, Groups, and Entries in Tally?

Company Information (D) Signup and view all the answers

What does ETCs stand for in Tally?

Enable Tax Collected at Source (D) Signup and view all the answers

How is Payroll Auto fill done in Tally?

Alt + A (C) Signup and view all the answers

Which option allows you to access Gratuity Reports in Tally?

Gateway of Tally > Display > Gratuity Report (D) Signup and view all the answers

During Branch Transfer in Tally, under which Vat/Tax Class is the Sales ledger created?

Consignment/Branch Transfer (C) Signup and view all the answers

True or False: Memorandum Voucher has no impact on the Books of Accounts in Tally.

Alt + S (A) Signup and view all the answers

Which keyboard shortcut is used to declare a voucher as Post Dated?

Ctrl + D (C) Signup and view all the answers

Which option represents the correct keyboard shortcut to switch from Accounting Voucher to Inventory Voucher?

Ctrl + F1 (C) Signup and view all the answers

When goods are returned to a Creditor after challan but before bill, which voucher type should be used?

Rejection In (D) Signup and view all the answers

Which group is Branch/Division defined under?

Assets (A) Signup and view all the answers

Which keyboard shortcut is used to toggle between Dr/Cr and To/By during Voucher entry?

F12 (C) Signup and view all the answers

Which format does Tally use for Export of Data from Company to Company?

All of these (C) Signup and view all the answers

What does BOM stand for in Tally?

Bill of Materials (A) Signup and view all the answers

What is the shortcut key to remove a line in all reports screen?

Alt + R (B) Signup and view all the answers

What is the full form of TCS?

Tax Collected at Source (C) Signup and view all the answers

Which group is the Bank OCC account defined under?

Loan & Liability (B) Signup and view all the answers

Which of the following represents the meaning of 'Alias' in Tally?

All of these (B) Signup and view all the answers

Which mode should be used to pass an entry for a fixed asset purchase on credit?

Journal mode (B) Signup and view all the answers