Practice Test: Question Set - 03
1. Which term is used for giving aspect of a transaction?
- (A) Credit
- (B) Debit
- (C) Journal
- (D) Voucher
2. Which combination of key is used to save the information in Tally?
- (A) Ctrl + A
- (B) Ctrl + I
- (C) Ctrl + S
- (D) Ctrl + X
3. Which function key is used to enter payment?
- (A) F3
- (B) F5
- (C) F7
- (D) F9
4. Which area in Tally screen provides quick access to different options?
- (A) Button bar
- (B) Calculator
- (C) Product info
- (D) Work area
5. What is termed as excess of credit side total amount over debit side total amount in profit and loss account?
- (A) Credit
- (B) Debit
- (C) Loss
- (D) Profit
6. Which factor determines the cost of the product?
- (A) Direct cost
- (B) Elements of
cost
- (C) Indirect
cost
- (D) Standard
cost
7. Which term is used for the amount invested for starting a business by a person?
- (A) Asset
- (B) Capital
- (C) Debit
- (D) Liabilities
8. What is the purpose of Alt + W key in Tally?
- (A) Change the
financial period
- (B) Invoke Tally
Reference Manual
- (C) Open default
web browser
- (D) Exist Tally
without confirmation
9. Which budget is prepared for a very short period?
- (A) Current
budget
- (B) Long term budget
- (C) Rolling
budget
- (D) Short term
budget
10. What is meant by current date in Tally?
- (A) Calendar
date
- (B) Last voucher
date
- (C) Last worked
date
- (D) System date
11. Which book is used to record transactions relating to return of goods to suppliers?
- (A) Purchase
Book
- (B) Purchase
Return Book
- (C) Sales Book
- (D) Sales Return
Book
12. What is the purpose of financial management feature in Tally?
- (A) Handles
different types of vouchers
- (B) Allows importing
and exporting data
- (C) Provides
budgeting option
- (D) Provides
option for data backup
13. What is the purpose of Ctrl + Q key is the Gateway of Tally screen?
- (A) Close the
tally screen
- (B) Quit tally
current screen
- (C) Exit with confirmation
- (D) Exit without
confirmation
Next Tests:
Blogger Comment
Facebook Comment