Tally Chapter 1 January 2, 2018February 12, 2018 RVS Question #1: Double Entry system was published by ________________ Bharat Goenka Luco Pacioli Anand Goenka Pacioli Raj Question #2: The ________ types of Entry System. 1 3 2 4 Question #3: The purpose of Double Entry System is _________________ know about exact profit / loss for given period to classify the money transactions to track the money of all traders to interpreting the result Question #4: ___________________ is a methodology with which the accounting process will be done systematically. Accounting Trial Balance Book keeping Balance sheet Question #5: ________________ involves decision making for a better presentation of financial results. Balance Sheet Accounting Profit & Loss Trial Balance Question #6: Recording transactions on daily basis in journal book in the form of journal entry is referred as _____________________ Ledger journalising Groups Journal Entry Question #7: _________________ is an account which has physical existence in Nature. Personal account Real account Nominal account None of the above Question #8: A living person (or) Group of Persons referred by Company Name is considered as _______________________ Real account Personal account None of the above None of the above Question #9: ____________ may be defined as statement pertaining to an account. Group Ledger Journal None of the above Question #10: _______________ is a statement that lists out balances of all ledgers and groups Profit & Loss Balance Sheet Trial Balance List of all accounts Question #11: ________________ deals with income and expenditure and helps to arrive at profit/loss. Balance Sheet Stock summary Profit & Loss Trial Balance Question #12: _____________ is a statement that lists out all assets and liablities. Profit & Loss Balance Sheet Trial Balance None of the above Question #13: Tally Solutions Private Limited is an Indian company situated at __________________ Tamilnadu Bangalore Delhi Mumbai Question #14: ____________________ is the Managing director of Tally Solution Private Limited. Bharat Goenka Luco Pacioli Anand Goenka Pacioli Raj Question #15: VAT, CST, TDS, Service Tax, Job Costing introduced in ____________ Version. 6.3 9 7.2 ERP9 Question #16: POS, Enhanced Payroll, Export to Excel introduced in ______________ Version. 8.1 9 ERP9 6.3 Question #17: TDL means _________________________ Tally Definition Language Tax Definition Language Tax Deducted Language None of the above Question #18: Multi Lingual Support, VAT Composite Return, Excise for Dealer introduced in ______________ Version. 8.1 9 6.3 ERP9 Question #19: DOS based, Only accounting with Financial Statements are introuduced in ____________ Version. PFA 9 8.2 ERP 9 Question #20: Security, Audit, Vault, Cash, Fund flows, Export/Import introduced in _____________ Version. 4.0 to 4.5 3.0 to 3.12 5.0 to 5.4 6.3 Question #21: Accounting with Cost Center, Budget, Credit Limit are introduced in ___________________ Version. PFA 3.0 to 3.12 4.0 to 4.5 5.0 to 5.4 Question #22: Windows based, inventory features, Group company, multi currency are introduced in __________ Version. PFA 3.0 to 3.12 4.0 to 4.5 5.0 to 5.4 Question #23: Reorder Level, Ageing analysis, Scenario, ODBC, Single Entry Mode are introduced in ___________ Version. 6.3 3.0 to 3.12 4.0 to 4.5 5.0 to 5.4 Question #24: __________________________ consists of a set book called journal and ledger. Computerised Accounting Manual Accounting Accounting Book Keeping Question #25: Maintaining books of accounts with the help of any accounting software is known as _____________________ Computerised Accounting Manual Accounting Trial Balance Accounting Question #26: ________________ is an option to input fundamental information about an entity whose books of accounts are to be maintained. Masters Company Info Voucher Entry Display Question #27: Groups, Ledgers, MIS Heads, Cost Centers, Stock Items are necessary to keep up books and MIS are known as ____________ Masters Company Info Voucher Entry Display Question #28: Facility to record transactions in voucher format is known as ____________________ Masters Company Info Voucher Entry Display Question #29: ___________________ is a mode to view reports and statements on screen. Masters Company Info Voucher Entry Display Question #30: ________________ is a choice of either getting hard copies of reports or connecting with third party software. Print & Connectivity Company Info Voucher Entry Display Question #31: Tally shows system ____________________ on the right part of the document. Path date and time Status Bar None of the above Question #32: A Ledger is divided into ________ parts. 4 2 3 5 Question #33: Left Part is known as ___________ Side. Credit Debit Ledger group Question #34: Right Part is known as ____________ Side. Credit Debit Ledger group Question #35: Each Ledger must be assigned with _____________ Credit Debit Ledger folio group Question #36: ______________ or _____________ Ledgers may have Opening Balances. Debit and credit Assets Or Liablilities Profit & Loss None of the above Question #37: The Shortcut key for Balance Sheet is ___________ B T A Ctrl+B Question #38: The ShortCut Key for Trial Balance is __________ T Alt+T B Alt+B Congratulations, you passed! I'm sorry but you did not achieve the required score. next Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on LinkedIn (Opens in new window)
