MCQ on Tally Prime Part 2

MCQ on Tally Prime 

Basics of Tally Prime (1–20)

1. What is Tally Prime mainly used for?
   a) Word Processing
   b) Accounting and Inventory Management ✅
   c) Web Development
   d) Graphic Designing

2. Which company develops Tally Prime?
   a) Microsoft
   b) Tally Solutions Pvt. Ltd. ✅
   c) Oracle
   d) Infosys

3. Which shortcut is used to quit Tally Prime?
   a) Ctrl + Q ✅
   b) Ctrl + W
   c) Alt + F4
   d) Esc

4. Which menu is used to create a new company in Tally Prime?
   a) File
   b) Company
   c) Create Company ✅
   d) Alter Company

5. Which option is used to change company details?
   a) Display
   b) Alter ✅
   c) Gateway
   d) Create

6. Which key is used to access the Gateway of Tally?
   a) Alt + F1
   b) Ctrl + G
   c) Alt + G ✅
   d) F12

7. Which feature helps in viewing the list of companies in Tally?
   a) Company Info
   b) Select Company ✅
   c) Company Setup
   d) Load Company

8. What is the extension of a Tally backup file?
   a) .xml
   b) .txt
   c) .tbk ✅
   d) .doc

9. Which F key is used to create a Contra voucher?
   a) F4 ✅
   b) F5
   c) F6
   d) F7

10. Which shortcut is used to create a new ledger in Tally Prime?
    a) Alt + L
    b) Alt + C ✅
    c) Ctrl + N
    d) Ctrl + C

11. What is the full form of ERP in Tally Prime?
    a) Electronic Resource Planning
    b) Enterprise Resource Planning ✅
    c) Effective Resource Planning
    d) Enterprise Revenue Planning

12. Which report shows the financial position of a business?
    a) Profit & Loss
    b) Balance Sheet ✅
    c) Inventory
    d) Trial Balance

13. Which voucher is used for recording purchases?
    a) F6: Receipt
    b) F7: Journal
    c) F9: Purchase ✅
    d) F8: Sales

14. What is used to classify accounts in Tally?
    a) Groups ✅
    b) Vouchers
    c) Stock Items
    d) Transactions

15. Which feature in Tally allows you to record GST details?
    a) Statutory Info
    b) GST Configuration ✅
    c) Company Features
    d) Ledger Entry

16. Which key is used to duplicate a voucher?
    a) Alt + D
    b) Alt + 2 ✅
    c) Ctrl + C
    d) Alt + R

17. Which report shows outstanding payable amounts?
    a) Sales Report
    b) Purchase Report
    c) Outstanding Payables ✅
    d) Ledger Report

18. In Tally, closing stock is shown on which side of the Balance Sheet?
    a) Asset ✅
    b) Liability
    c) Income
    d) Expense

19. Which shortcut is used to view Day Book in Tally?
    a) Ctrl + D
    b) Alt + D
    c) Ctrl + F1 ✅
    d) Ctrl + Alt + D

20. What is the default date format in Tally?
    a) DD/MM/YY ✅
    b) MM/DD/YY
    c) YYYY/MM/DD
    d) DD-YYYY-MM