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1. What is the predefined number of groups in tally?

(a) 16
(b) 28
(c) 128
(d) 228

2. How many types of users are present in tally?

(a) 1
(b) 2
(c) 3
(d) 4

3. Which shortcut key is used to view Report with all details in Tally?

(a) F1
(b) F3
(c) Alt + F1
(d) Alt + F2

4. _____ is the shortcut to create payment voucher in Tally.

(a) F2
(b) F4
(c) F5
(d) F6

5. In taxation, VAT stands for

(a) Value Approved Tax
(b) Value Added Tax
(c) Value Added Transaction
(d) Value Assigned Tax

6. _____ is the shortcut to vouchers as invoice from Accounting Vouchers in Tally.

(a) Alt+I
(b) Ctrl+V
(c) Ctrl+F10
(d) F10

7. Which option is used to open company created in Tally?

(a) Alter
(b) Shut Company
(c) Create Company
(d) Select Company

8. To change Current Date from Gateway of Tally press the key

(a) F1
(b) F2
(c) F5
(d) F9

9. Which ledger is created by Tally automatically as soon as we create a new company?

(a) Capital A/c.
(b) Profit & Loss A/c
(c) Cash
(d) B and C both

10. _____ considers incoming money to be instantly available and reduction of cash to occur only on the date of actual outflow of money (instead of the date of transaction).

(a) Asset
(b) Accrual basis
(c) Credit
(d) Debit

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