ITI COPA Tally MCQ accounting questions and answers Most important MCQs for ITI Theory Exam Paper Preparation NCVT/SCVT ITI COPA Tally MCQ ...
ITI COPA Tally MCQ accounting questions and answers Most important MCQs for ITI Theory Exam Paper Preparation NCVT/SCVT
ITI COPA Tally MCQ
1. What is
the purpose of financial management feature in Tally?
A Importing and exporting data
B
For stock transfer
C To get daily balances and Transaction value
D
To prepare purchase records
Ans. c
2. Which is
prepared to ascertain actual profit or loss of the business?
A Balance sheet
B Book-keeping
C Profit and loss account
D Trading
account
Ans. c
3. What is meant by current date in Tally?
A Calendar date
B Last
voucher date
C Last worked date
D System
date
Ans. c
4. Which are
the things and properties for resale that converts into cash?
A Current assets
B Business
Transaction
C Liabilities
D Purchase
Ans. a
5. Which
function key is used to record fund transfer between cash and bank account?
A F4
B F5
C F6
D F7
Ans. a
6. Which
document is issued by the receiver of cash to the giver of cash acknowledging
the cash received voucher?
A Ledgers
B Journals
C Receipts
D Vouchers
Ans. c
7. What is a summarized record of all the
transactions to every person, every property and every type of service?
A Account
B Journals
C Ledgers
D Vouchers
Ans. a
8. Which is
the main book of final entry for accounts?
A Balance sheet
B Ledger
C Receipts
D Vouchers
Ans. b
9. What is
termed as excess of credit side total amount over debit side total amount in
profit and loss account?
A Credit
B Debit
C Loss
D
Profit
Ans. d
10. Which is
a statement of assets and liabilities?
A Balance sheet
B Journals
C Ledgers
D Trial balance
Ans. a
11. Which accounting system is incomplete and unscientific?
A Double Entry System
B Single Entry System
C Triple Entry System
D Multi Entry System
Ans. b
12. Which activity in Tally is used to find out the financial position of the organisation?
A Balance sheet
B Book-keeping
C Trading
D Profit and loss
Ans. a
13. What is referred to as buying and selling of goods?
A Normal account
B Real account
C Profit and loss account
D Trading account
Ans. d
14. Which factor determines the cost of the product?
A Direct cost
B Elements of cost
C Indirect cost
D Standard cost
Ans. b
15. What is the shortcut key to export the report in ASCII, SDF, HTML or XML format?
A Alt + C
B Alt + D
C Alt + E
D Alt + X
Ans. c
16. Who gives benefits without receiving money, but will claim in future?
A Creditor
B Debtor
C Owner
D Worker
Ans.
a
17. Which is the ledger grouping for bills receivable in
Tally ERP9?
A Fixed asset
B Current asset
C Direct expenses
D Indirect expenses
Ans. b
18. What is the purpose of financial management feature in Tally?
A Handles different types of vouchers
B
Allows importing and exporting data
C Provides budgeting option
D
Provides option for data backup
Ans. c
19. What is the purpose of Inventory Management Feature in Tally?
A Provides option for data backup
B Provides all relevant information for any stock item in a single screen
C Provides daily balance and transaction value
D Provides option to upload reports on the website directly
Ans. b
20. Which term is used for receiving aspects of a transaction?
A Credit
B Debit
C Profit
D Receipt
Ans. b
21. What is the purpose of Tally audit feature in Tally ERP 9?
A Allows easy analysis of result / reports with graphical values
B Allows statutory reporting for VAT, CST, TCS, TDS, FBT, GST
C Allows splitting of company data into multiple companies
D Verify, validate and accept accounting information
Ans. d
22. Which combination of key is used to change the financial period in Tally?
A F2
B Alt + F2
C Ctrl + F2
D Shift + F2
Ans. b
23 . Which combination of key is used to open “Tally Reference Manual”?
A Alt + H
B Alt + M
C Alt + R
D Alt + T
Ans. a
24. Which function of key is used the list / select a company in Tally?
A F1
B F3
C F5
D F7
Ans. a
25. Where does the transactions are entered, before taken to the appropriate
ledger account?
A Balance sheet
B Journals
C Receipts
D Vouchers
Ans. b
26. Which term is used for the amount invested for starting a business by a
person?
A Asset
B Capital
C Debit
D Liabilities
Ans. b
27. What is the purpose of Technological feature in Tally?
A Allows importing and exporting data
B
Flexible units of measure
C Provides budgeting option
D
Provides option for data backup
Ans. a
28. Which term is used for giving aspect of a transaction?
A Credit
B Debit
C Journal
D Voucher
Ans. a
29. Which term is used for all the amounts payable by a
business concern to outsiders?
A Assets
B Capitals
C Debits
D Liabilities
Ans. d
30. Which is a statement of all the ledger account balance prepared at the end
of particular period to verify the accuracy of the entries?
A Journals
B Receipts
C Trial Balance
D Vouchers
Ans. c
31. What is the purpose of Ctrl + Q key is the Gateway of Tally screen?
A Close the tally screen
B
Quit tally current screen
C Exit with confirmation
D
Exit without confirmation
Ans. d
32. What is the purpose of Alt + W key in Tally?
A Change the financial period
B Invoke Tally Reference Manual
C Open default web browser
D
Exist Tally without confirmation
Ans. c
33. Which combination of function key is used to open
inventory voucher’s entry menu?
A Alt + F1
B Alt + F3
C Alt + F5
D Alt + F7
Ans. a
34. Which combination of key is used to save the information
in Tally?
A Ctrl + A
B Ctrl + I
C Ctrl + S
D Ctrl + X
Ans. a
35. Which shortcut key is used to shut a company from the
gateway of Tally screen?
A Alt + F1
B Alt + F3
C Alt + F5
D Alt + F7
Ans. a
36. Which register is used to post the journal entries
periodically?
A Bill book
B Cash book
C Ledger
D Trial balance
Ans. c
37. Which sequence of option is used to view the trial
balance on the screen?
A Gateway of Tally →Trial balance
B Gateway of Tally → Display → Trial Balance
C Gateway of Tally → Accounts Info → Trial Balance
D Geteway of Tally → Display → Account Book → Trial balance
Ans. b
38. Which report displays the summary of all the cost centres under a cost
category?
A Category summary
B Cost
centre Break-up
C Group Break-up
D Ledger
break-up
Ans. a
39.Which function key is used to enter purchase?
A F6
B F7
C F8
D F9
Ans. d
40. Which function key is used to enter receipts?
A F2
B F4
C F6
D F8
Ans. c
41. Which shortcut key is used to open debit Note Voucher?
A Alt + F9
B Alt + F10
C Ctrl + F9
D Ctrl + F10
Ans. c
42. Which shortcut key is used to remove a line in a report
in report screen?
A Alt + I
B Alt + R
C Alt + S
D Alt + X
Ans. b
43. Which feature offers a parallel classification of stock
item?
A Stock categories
B Stock group
C Stock item
D Stock query
Ans. a
44. Which ratio evaluate the
availability of cash to pay debit?
A Activity ratio
B Debit ratio
C Liquidity ratio
D Market ratio
Ans.
c
45. Which function key is
used to enter payment?
A F3
B F5
C F7
D F9
Ans. b
46. Which shortcut key is used to cancel a voucher in Day
book / List of vouchers in Tally?
A Alt + D
B Alt + I
C Alt + S
D Alt + X
Ans. d
47. Which area in Tally screen provides quick access to
different options?
A Button bar
B Calculator
C Product info
D Work area
Ans. a
48. What is the rule for real account?
A Debtor the receiver, Creditor the giver
B Debtor the giver, Creditor the receiver
C Debit comes in, Credit goes out
D Debit goes out, Credit comes in
Ans. c