Tally Shortcut Keys and Features Quiz
30 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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

More Like This

Tally Shortcuts for Efficient Navigation
6 questions
Tally Shortcuts for Efficiency
6 questions

Tally Shortcuts for Efficiency

DistinctiveKineticArt avatar
DistinctiveKineticArt
Use Quizgecko on...
Browser
Browser