Tally Shortcut Keys and Features Quiz
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Questions and Answers

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?

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

    Which option must be activated to create a Manufacturing Journal?

    <p>Use as Manufacturing Journal (D)</p> Signup and view all the answers

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

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

    How can a voucher be printed in Tally?

    <p>Ctrl + P (C)</p> Signup and view all the answers

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

    <p>None of these (D)</p> Signup and view all the answers

    What is Retained Earnings an alias of?

    <p>Reserve and Surplus (D)</p> Signup and view all the answers

    Which shortcut key sequence can be used to repeat narration?

    <p>Shift + R (D)</p> Signup and view all the answers

    What does MRP stand for?

    <p>Maximum Retail Price (A)</p> Signup and view all the answers

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

    <p>Stock Items (A)</p> Signup and view all the answers

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

    <p>Company Information (D)</p> Signup and view all the answers

    What does ETCs stand for in Tally?

    <p>Enable Tax Collected at Source (D)</p> Signup and view all the answers

    How is Payroll Auto fill done in Tally?

    <p>Alt + A (C)</p> Signup and view all the answers

    Which option allows you to access Gratuity Reports in Tally?

    <p>Gateway of Tally &gt; Display &gt; Gratuity Report (D)</p> Signup and view all the answers

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

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

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

    <p>Alt + S (A)</p> Signup and view all the answers

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

    <p>Ctrl + D (C)</p> Signup and view all the answers

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

    <p>Ctrl + F1 (C)</p> Signup and view all the answers

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

    <p>Rejection In (D)</p> Signup and view all the answers

    Which group is Branch/Division defined under?

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

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

    <p>F12 (C)</p> Signup and view all the answers

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

    <p>All of these (C)</p> Signup and view all the answers

    What does BOM stand for in Tally?

    <p>Bill of Materials (A)</p> Signup and view all the answers

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

    <p>Alt + R (B)</p> Signup and view all the answers

    What is the full form of TCS?

    <p>Tax Collected at Source (C)</p> Signup and view all the answers

    Which group is the Bank OCC account defined under?

    <p>Loan &amp; Liability (B)</p> Signup and view all the answers

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

    <p>All of these (B)</p> Signup and view all the answers

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

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

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