Tally ERP Mcqs Test Online

Q: How can I prepare for Tally ERP Mcqs Test Online?

You can prepare for Tally ERP Mcqs Test Online by attempting the free online quizzes at Gotest.com.pk. We provide instant results, performance reports, and detailed explanations for every question.

Question 1

1.

Closing stock appears in ______________?

Answer

Trial Balance

Answer

Profit & loss A/C

Answer

Balance Sheet

Answer

None of the above

Question 2

2.

Tally is?

Answer

All are correct

Answer

Which maintains accounts with inventory records

Answer

Package, which maintains accounts only

Answer

Which display the detail report trial balance, balance sheet etc

Question 3

3.

Which financial statement can be made from Trial balance?

Answer

Balance sheet

Question 4

4.

_____________is a Reserved group which goes to liabilities?

Answer

Fixed Asset

Answer

Sundry deb

Answer

Capital A/C

Answer

Investment

Question 5

5.

In case of personal accounts the receiver is?

Answer

Balance entered in voucher

Question 6

6.

In tally 5.4 _____________ option is available for maintaining Accounts?

Answer

Account only

Answer

All are correct

Answer

Accts-with-Inv

Answer

Inventory only

Question 7

7.

Manufacturing expenses comes under___________ Group?

Answer

Expenses (Indirect)

Answer

Miss Expenses

Answer

Direct Expenses

Question 8

8.

Which of the following is not a account type?

Answer

Personal Accounts

Answer

Occasional account

Answer

Real Accounts

Answer

Nominal account

Question 9

9.

Tracking number is used in _____________transaction?

Answer

Stock item

Question 10

10.

Trial Balance contains ___________ balance of all accounts?

Answer

Only credit

Question 11

11.

Which of the following information is must to create a company?

Answer

Name of the company & Financial year

Answer

Name of the company & Sales Tax No

Answer

Name of the company & Income Tax No

Question 12

12.

Alias is ____________?

Answer

Simple mechanism to call an account by another name

Answer

Type of Group

Answer

To change group name

Answer

Type of Ledger

Question 13

13.

Sales purchase A/C groups are reflected in _____________?

Answer

Journal Register

Answer

None if the above

Answer

Balance sheet

Answer

Profit & loss A/C

Question 14

14.

Cash in hand & bank A./C balance helps for_____________?

Answer

Inventory control

Answer

Payment Decision

Answer

Sales performance

Question 15

15.

____________ is the function key for changing date?

Question 16

16.

Reports come under exception reports?

Answer

Memorandum Vouchers

Answer

Optional Vouchers

Answer

Negative stock

Question 17

17.

Under Group _______________ can be created?

Answer

Multiple Ledgers

Question 18

18.

Term loans & other medium /long _term loans comes under __________Group?

Answer

Secured Loan

Answer

Current liability

Answer

Unsecured Loan

Answer

Loans & Advances

Question 19

19.

Balance sheet display?

Answer

Bank and cash Balances

Answer

Balances of all individual account

Answer

Entire summary of the all ledger accounts

Answer

Exact financial position of the business on specific date

Question 20

20.

Journal book is used to?

Answer

To records all the non-cash transactions only

Answer

All sale and purchase records

Answer

Entries regarding general transactions

Answer

Records all the entries

Question 21

21.

System of traversing form Balance sheet to voucher permitting to view al the?

Answer

None of the above

Answer

Special situation

Answer

Audit trail

Question 22

22.

Rates & Taxes comes under ____________ Groups?

Answer

Duties &Taxes

Answer

Expenditure

Question 23

23.

____________is beginning date of financial year?

Answer

1st January

Answer

1st February

Question 24

24.

All expenses and losses always having?

Answer

Exact difference balance

Answer

Balance entered in voucher

Answer

Credit balance

Answer

Debit balance

Question 25

25.

Limit on single payments is available for______________?

Answer

None of the above

Answer

Group& Ledger

Answer

Only Groups

Answer

Only ledger Accounts

Question 26

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Total Questions:	25
Time Allowed:	10 Minutes
Total Marks:	25
How to Attempt Test:	Please choose the right Option in MCQ-type question.
Test Helpful For:	Computer Test Competitive exam Forces test Fpsc Entry test Recruitment test

Tally ERP Mcqs Test Online

Tally ERP Mcqs Test

Tally ERP Mcqs Test Practice Online

Study Plan for Tally ERP Mcqs Test Online

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Tally ERP Mcqs Test

Tally ERP Mcqs Test Practice Online

Study Plan for Tally ERP Mcqs Test Online

How to Use GoTest for Preparation:

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Maan Ali

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