Tally Chapter 1

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#1 Double Entry system was published by ________________

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#2 The ________ types of Entry System.

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#3 The purpose of Double Entry System is _________________

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#4 ___________________ is a methodology with which the accounting process will be done systematically.

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#5 ________________ involves decision making for a better presentation of financial results.

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#6 Recording transactions on daily basis in journal book in the form of journal entry is referred as _____________________

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#7 _________________ is an account which has physical existence in Nature.

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#8 A living person (or) Group of Persons referred by Company Name is considered as _______________________

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#9 ____________ may be defined as statement pertaining to an account.

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#10 _______________ is a statement that lists out balances of all ledgers and groups

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#11 ________________ deals with income and expenditure and helps to arrive at profit/loss.

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#12 _____________ is a statement that lists out all assets and liablities.

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#13 Tally Solutions Private Limited is an Indian company situated at __________________

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#14 ____________________ is the Managing director of Tally Solution Private Limited.

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#15 VAT, CST, TDS, Service Tax, Job Costing introduced in ____________ Version.

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#16 POS, Enhanced Payroll, Export to Excel introduced in ______________ Version.

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#17 TDL means _________________________

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#18 Multi Lingual Support, VAT Composite Return, Excise for Dealer introduced in ______________ Version.

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#19 DOS based, Only accounting with Financial Statements are introuduced in ____________ Version.

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#20 Security, Audit, Vault, Cash, Fund flows, Export/Import introduced in _____________ Version.

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#21 Accounting with Cost Center, Budget, Credit Limit are introduced in ___________________ Version.

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#22 Windows based, inventory features, Group company, multi currency are introduced in __________ Version.

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#23 Reorder Level, Ageing analysis, Scenario, ODBC, Single Entry Mode are introduced in ___________ Version.

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#24 __________________________ consists of a set book called journal and ledger.

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#25 Maintaining books of accounts with the help of any accounting software is known as _____________________

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#26 ________________ is an option to input fundamental information about an entity whose books of accounts are to be maintained.

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#27 Groups, Ledgers, MIS Heads, Cost Centers, Stock Items are necessary to keep up books and MIS are known as ____________

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#28 Facility to record transactions in voucher format is known as ____________________

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#29 ___________________ is a mode to view reports and statements on screen.

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#30 ________________ is a choice of either getting hard copies of reports or connecting with third party software.

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#31 Tally shows system ____________________ on the right part of the document.

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#32 A Ledger is divided into ________ parts.

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#33 Left Part is known as ___________ Side.

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#34 Right Part is known as ____________ Side.

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#35 Each Ledger must be assigned with _____________

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#36 ______________ or _____________ Ledgers may have Opening Balances.

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#37 The Shortcut key for Balance Sheet is ___________

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#38 The ShortCut Key for Trial Balance is __________

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