TALLY WITH GST MOCK TEST-1 1 / 30 If you want to give a code to stock items, you should set which of these options to Yes? Use PART NUMBERS for Stock Items Use Quantity in Stock Items Trial balance None of the above 2 / 30 If you delete a company, you can still recover its records. True False 3 / 30 Accounting is the process of systematically recording, classifying, and summarizing the financial information. True False 4 / 30 The Tally Help option appears on _______. Voucher Entry screen Horizontal Button Bar F11: Features Vertical Button Bar 5 / 30 Which of these is the closing balance of all the ledger accounts (except closing stock) for a specific date? Trial balance Debit Balance Credit Balance Account Balance 6 / 30 Tally Solutions was founded in the year ______. 1980 1985 1986 1987 7 / 30 The Default Credit Period option is displayed on enabling which of these options? Maintain Multiple Godowns Show Employee Display Name Stock Categories Maintain Bill-wise Details 8 / 30 For which e-mail server should the option 'Use SSL on Standard Port' be set to Yes? Http G-Mail Hotmail 9 / 30 A/An ______ is a unit of an organization to which transactions can be posted. Cost Tracking for stock Items Cost Category Cost Centre All of the above 10 / 30 Using the invoice format for a sales invoice entry is good for which of the following reasons? Track additional costs of Purchase It enables calculations of Duties and Taxes accounts Use Multiple Currency None of these 11 / 30 If you see a single underline below a keyboard character in Tally, you should press which special key along with it? Ctrl Shift Tab Alt 12 / 30 To go to Accounting Features, you need to use which function key? F11-F2 F11-F1 F11-F3 Alt+F7 13 / 30 Manual accounting requires a lot of manpower as compared to the computerized accounting. True False 14 / 30 The 'Track Stock Item Cost' option is used to analyze an item's cost. True False 15 / 30 The 'Maintain Multiple Mailing Details for Company & Ledgers' option allows you to alter a company's mailing details. True False 16 / 30 The ______ option is active only if the Allow Invoicing option is set to Yes. Maintain Bill-wise Details Maintain Stock Category Separate Discount column on Invoices Track additional costs of Purchase 17 / 30 If you set the _______ option to Yes, you do not need to separately debit ledger accounts for expenses. Maintain Multiple Godowns Use PART NUMBERS for Stock Items It enables calculations of Duties and Taxes accounts Track additional costs of Purchase 18 / 30 International accounting terminology cannot be applied in Tally True False 19 / 30 _______ are the amount payable against the credit purchase. Maintain Multiple Godowns Maintain Multiple Godowns Liabilities Trial balance 20 / 30 Which of these options should be set to Yes if you want to include a different name for the employee in the payroll reports? Show Employee Display Name List of Accounts Track additional cost of purchase F11: Features 21 / 30 Which of these record different types of incomes or expenses? Real Account Personal Account Nominal Account Journal Account 22 / 30 Inventory Info menu is mainly about _____. Stocks Assets Liabilities Debit 23 / 30 Where are inventory details displayed by default? Vertical Button Bar Voucher Entry screen Horizontal Button Bar Gateway Of Tally 24 / 30 In the single entry system, all the credit transactions and accrued liabilities are omitted. True False 25 / 30 General ledger serves the purpose of re-classifying and summarizing all the information recorded in the cash book and journal, according to the account heads. True False 26 / 30 The ______ option should be set to Yes for tracking stock movement across multiple Godowns Maintain Multiple Godowns Use PART NUMBERS for Stock Items Use Multiple Price Level Show Employee Display Name 27 / 30 In Tally, ______ features are used to connect to a server remotely HTTP TSS DSL All of these 28 / 30 In order to set various company features required for transaction entries, click F11: Features on the ______. Voucher Entry screen Horizontal button Bar Vertical button Bar 29 / 30 Directory is the path where the company data is stored in Tally. True False 30 / 30 You should enable which of these options if Error 16004 keeps appearing? Connect to Web Browser Connect to Tally Server running on non FTP port? Connect to Tally.NET Server running on non HTTP port? None of the above Your score isThe average score is 64% 0% Restart quiz
