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Computer Fundamentals
Tally
Quiz 8
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Q.1
A Group Company is ________ given to the merged accounts of member companies of the group
a name
an identity
A and B
None of the above
Q.2
In tally you get currency symbol option from ________ menu
Company creation
Stock items units
Regional setting
None of the above
Q.3
BOM represents
Billing of Machines
Bill of Materials
Bill of Maintenance
None of these
Q.4
"Alias" represents
Short name
Nick name
Code name
All of these
Q.5
If we purchase any fixed asset in credit, we can pass it from
Payment mode
Receipt mode
Purchase mode
Contra mode
Q.6
Which menu appears after starting Tally for the first time
Gateway of Tally
Company Info
Display
None of these
Q.7
There are ________ predefined ledgers
One
Three
Two
Four
Q.8
Closing stock come under ________
Current asset
Fixed asset
Stock in hand
Direct income
Q.9
E-mail can be used to
Send mail directly from tally screen
To send e-mail
Download information
Access help
Q.10
In tally screen right extreme displays ________
Selected companies
Current date
Gate way of tally
Button bar
Q.11
Capital of the company is included under
Capital account
Fixed liabilities
Loans and advances
Current liabilities
Q.12
Bank account is ________
Personal account
Real account
Nominal account
Intangible real account
Q.13
Income earned but not received is known as ________
Advance income
Proposed income
Earned income
Accrued income
Q.14
A person who owes money to the business is a ________
Debtor
Creditor
Investor
Supplier
Q.15
Accrued income comes under
Current liability
Capital
Current asset
Fixed asset
Q.16
_____ refers the amount invested by the owner into business
Loan
Advance
Capital
Prepaid expenses
Q.17
_______ is the major source of revenue of any business
Investment
Advances
Loan
Sales
Q.18
The options 'use common narration' and 'narration each entry' appear
Account creation screen
Voucher entry screen
F11 Accounting features
Voucher type creation screen
Q.19
Taxes paid come under which group
Capital
Loans and liabilities
Direct expenses
Duties and taxes
Q.20
Accounting principles are divided into two types. These are
Accounting concepts
Accounting conventions
Accounting standard
Both A and B
Q.21
Which account is the odd one
Furniture
Land and buildings
Stock of raw materials
Plant and machinery
Q.22
Which of the following is the example of external users of accounting information
Government
Owners
Management
Employee
Q.23
Assets acquired for long term use in the business are called ________
Fixed assets
Current assets
Fictitious assets
Liquid asset
Q.24
To create Manufacturing Journal which option must be activated
Use Common Narration
Narrations for each entry
Prefilled with Zero
Use as manufacturing Journal
Q.25
The term current assets does not include ________
Debtors
Bills Receivable
Stock
Goodwill
Q.26
A ______ is sent to a customer when he returns the goods
Debit note
Credit note
Proforma invoice
Bill
Q.27
A ______ is sent to the seller when he is taken back the sold goods
Debit note
Credit note
Proforma invoice
Bill
Q.28
Which of the following is not a transaction
Goods are purchased on cash basis for Rs 1000
Salaries paid for the month of May 20XX
Land is purchased for Rs 10 lakhs
An employee is dismissed from the job
Q.29
'Inventory books' is used to view
Stock Items
Group Summary
Both A and B above
None of these
Q.30
We can see Working Capital figure changing
Voucher configuration
Profit & Loss configuration
Balance Sheet configuration
Ledger configuration
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