Tally
Q.1 Fill in the blanks.
1 Tally is one of the most popular accounting software
package that is used to record day-to-day transactions.(M. 2008,2011,2013)
2 A person who owes money to the business
is debtor
of the business.(M.2007,2008)
3 A person whom the business owes is creditor of
the business.(M.2011)
4 Tally works on the principle of double
entry system.(M.2006,2007,2008,2009,2011,2013)
5 Golden rule of classification of
accounts: DEBIT
the Receiver , CREDIT the Giver.(M.2006,2007,2012)
6 Product Info part of Gateway of Tally
displays information about software version, release, data and time.
7 The Gateway of Tally screen is divided
into 4
parts.(M.2006,2007,2008,2012)
8 In Tally, Alt+F1 keys are used to shout
the company. (M. 2005,2006,2007,2009,2011,2013)
9 Ctrl+M key is used to activate gateway of
Tally.(M.2008,2011)
10 For creating new company, Create
Company option is selected from Company Information menu.(M.2013)
11 In Tally, Alt+F3 key is used to modifying or altering company data.(M.
2006,2007,2012)
12 In Tally to configure a company use F12 functional key.(M.
2008,2009,2013)
13 Alt
+ F1 key is used for shutting a company.(.2007,2011,2013)
14 All types of bank accounts comes under Current Assets group.
(M.2011,2013)
15 In Tally, F2 key is used to change the
date.(M.2006,2007,2009,2011,2013)
16 Contra
voucher records all fund transfers between Bank account or cash
accounts.(M.2008.2011.2012.2013)
17 Receipt
voucher include all the cash income and cash sales transactions.
(M.2008.2009.2011.2013)
18 In Multiple
Ledger mode, user can create more than one ledger account in the same
screen.(M.2011)
19 Owner account is under Capital account group. (M.2006.2007)
20 Cost
centers are unit of organization to which only costs and expenses are
allowed.(M.2008)
21 Nominal
type of account related to expenses and income, losses and
gains.(M.2008.2009.2013)
22 Function key is F8 is used for Sale Voucher creation.
23 Vouchers
are used for recording day today transactions.(M.2007.2008.2011.2012.2013)
24 The Cash
voucher can be used as Debit voucher or Credit voucher. (M.2006)
25 In Tally, to select Journal type voucher F7 key is used. (M.2011.2012)
26 In Payment voucher, cash account has Credit type of balance.
(M.2011.2013)
27 To records transactions of future dates Post dated type of voucher is
used.(M.2007.2009)
28 The Purchase
order is a formal contract for supply of goods.(M. 2005.2011.2012.2013)
29 The Sales
order is detail instruction or
order for the act of selling. (M.2012.2013)
30 In purchase voucher, always Purchase
account has debit balance. (M.2006.2011.2013)
31 To print profit and Loss Account press Alt+P keys
simultaneously.(M.2007.2009.2011)
32 Trial
Balance is a statement of debit and credit balance. (M .2006.2007.2011.2013)
33 Profit and Loss account displays all
primary groups and their closing Dr. or Cr. Balance.(M.2007.2012)
34 In Balance
Sheet every debit entry is matched by a credit entry.(M.2013)
35 Balance Sheet is a statement of
Liabilities and Assets on a particular date.(M.2007.2011.2012.2013)
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