Function Key Functionality Availability
ALT+F1
To close/shut the company At all menu screens
To view detailed report At almost all report screens
To explode a line into details At almost all screens in tally
To select the inventory voucher to alter At Accounting Voucher Creation &
Alteration screen
ALT+F2 To change the period At almost all screens in tally
ALT+F3 To select the company info (To create/alter/shut a company)
At gateway of Tally screen
ALT+F4 To select the purchase order voucher At Accounting/Inventory Voucher Creation & Alteration screen
ALT+F5
To select the sales order voucher At Accounting/Inventory Voucher Creation & Alteration screen To view monthly and quarterly report At almost all report screens in Tally
ALT+F6 To select the Rejection out voucher At Accounting/Inventory Voucher Creation & Alteration screen
ALT+F7
To select the stock journal voucher At Accounting/Inventory Voucher Creation & Alteration screen To accept all audit list At tally audit listing screen
ALT+F8
To select the Delivery Note voucher At Accounting/Inventory Voucher Creation & Alteration screen To view the columnar report At ledger voucher screen
ALT+F9 To select the Receipt Note voucher At Accounting/Inventory Voucher Creation & Alteration screen ALT+F10 To select the physical stock voucher At Accounting/Inventory Voucher
Creation & Alteration screen ALT+F12 To filter the information based on
monetary value (Range)
At almost all report screens
CTRL+M To access the Gateway of Tally
CTRL+N To access the calculator/ODBC server frame
CTRL+A To accept as it is on the screen/Saving CTRL+Q Quit the screen without making any change
CTRL+V Voucher Mode
CTRL+Enter To alter a master while making an entry or viewing report Enter To accept information typed into a field
Esc To exit a screen
ALT+C Create master at a voucher screen ALT+D Delete single ledger/Voucher
ALT+X Cancel Voucher
ALT+P Print
ALT+I Print preview ALT+2 Duplicate Voucher
F1 Select company/ Accounts Button ALT+F1 Inventory Button/Shut Company CTRL+F1 Payroll Button
ALT+F3 Company Info
F2 Date
ALT+F2 Period
CTRL+F2 Order Button
Problem: 1
1. Mr. Ram started business with cash Rs. 3, 00,000.
2. Purchases 10 Ctv’s from ABC & Co @ Rs. 15,000 each.
3. Purchases 15 Ctv’s for cash @ Rs. 15,000 each.
4. Paid carriage on purchases Rs. 500.
5. Cash sales 10 Ctv’s @ Rs. 20,000 each.
6. Sales to Shalimar & co 15 Ctv’s @ Rs. 20,000 each.
7. Paid salaries Rs. 4,000 & Rent 1,000.
Answers:
Gross Profit: 1, 24,500 Net profit: 1, 19,500 B/S: 5, 69,500
Problem: 2
1. Mr. Gandhi commenced business with cash Rs. 5,00,000
2. Purchase Furniture worth Rs. 80,000 for business use.
3. Deposited in ICICI bank Rs. 1,00,000
4. Purchase Office desk paid by cheque Rs. 2,000
5. Purchase 10 CD players from Aiwa & co.@Rs. 7000 each 6. Paid carriage Rs. 250
1. Mr. R.S. Reddy started business with capital Rs. 3, 00,000.
2. Purchase from XYZ & Co.
50 Shirts @ Rs. 150 each 100 Trousers @ Rs. 200 each 3. Cash Sales
30 Shirts @ Rs. 200 each 70 Trousers @ Rs. 250 each 4. Sales to Vijay & Co
20 Shirts @ Rs. 200 each 30 Trousers @ Rs. 250 each 5. Paid to XYZ & Co. Rs. 25,000.
6. Received Cash from Vijay & Co. Rs. 10,000.
7. Paid Salaries Rs. 3,000.
8. Paid Rent Rs. 2,000.
Answers:
Gross Profit: 7,500 Net profit: 2,500 B/S: 3, 05,000 Problem: 4
1. Mr. Leave started business with capital Rs. 5, 00,000.
2. Purchase from A-Z furniture.
50 Tables @ Rs. 200 each 200 Chairs @ Rs. 150 each 3. Cash Purchase
20 Boards @ Rs. 5,000
4. Sales to Princess Esen School 100 Chairs @ Rs. 200 each 20 Tables @ Rs. 250 each Charge 10 % Sales Tax 6. Returned to A-Z furniture
5 Tables, 10 Chairs
7. Paid to A-Z furniture Rs. 15,000
8. Received cash from Princess Esen School in full settlement of his account.
9. Paid Salaries Rs. 5,000 & Rent Rs. 2,000.
Answers:
Gross Profit: 11,750 Net profits: 4,750
B/S: 5, 30,150 Closing Stock: 8,250
Problems 5
1. Mr. Babu started business with cash Rs.5,00,000 2. Purchased 15 audio systems @Rs.5,000 each for cash 3. Paid carriage on purchases Rs.200
4. Sold 10 audio systems @Rs.6500 each for cash+10% sales tax.
5. Sold 3 audio systems @Rs.6500 to Mr.Vikrant+10% sales tax 6. Cash withdrawn from business for personal use Rs.10,000 7. Paid Salaries Rs.5,000
Electricity charges Rs.1,000 Rent Rs.2,000
Answers:
Closing stock: 10,000 Gross Profit: 19,300 Net Profit: 11,300 Balance Sheet: 5,09,750
Choose the Answer:
1. We can change the Company Information from
a. Company Info > Back up b. Company Info > Split Company Data c. Company Info > Alter d. None of these
2. Company Restore option is available in
a. Company Features b. Company Information c. Configuration d. None of these 3. Tally package is developed by
a. Peutronics b. Tally Solutions c. Coral Softwares d. Vedika Softwares 4. In general the Financial year from shall be from
a. 1st April of any year b. 31st March of any year c. All of them are true d.None of these
5. We can Modify an existing Company from
a. Company Info > Alter b. Company Info > Alter Company c.Gateway of Tally > Modify Company d. None of these
6. To change Current Date from Gateway of Tally press the key
a. F1 b. F5 c. F2 d. F9
7. Party account can be created through
a. Group creation window b. Ledger creation window c. Inventory creation window d. Any one of them
8. A ledger may get declaration space for its Alias through
a. F12 b. F11 c. Alt + F1 d. Alt + F2
9. F12 is known as
a. Company Features b. Company Configuration
c. Accounting Features d. None of these
10. What is the utility of Tally Vault Password?
a. It will lock the period of Company
b It will lock all voucher entries for that Company
c. It will not show the Company Name in the Company Select List.
d. None of these
11. We can show Bill wise details of Debtors and Creditors by activating a. Bill by bill b. Maintain Bill wise Details
c. Maintain References d. None of these 12. The shortcut key to quit from Tally is
a. Ctrl + L b. Ctrl + P c. Ctrl + M d. Ctrl+Q
13. A Ledger can't be deleted if it is caring Opening Balance: a. True b. False
14. How many inbuilt Accounts group are in tally by default?
a. 29 b. 31 c. 25 d. 34
15. The shortcut used to activate calculator is
a. Ctrl + N b. Ctrl + M c. Ctrl + A d. Ctrl + B
16. Suspense Account Group is defined under
a. Income b. Expenditure c. Liabilities d. Assets
17. To activate MRP feature from Gateway of Tally initially we need to press
a. F11 b. F12 c. F10 d. Alt + F1
18. MRP formula for inclusive of vat is
a. {vat%*(MRP * QTY)}/100 b. (100*rate of vat)/(100+rate of vat)
c. Both a & b d. None of these
19. Manufacturing Journal creates based on
a. Journal b. Receipt Note c. Stock Journal d. Purchase Quotation 20. To create Manufacturing Journal which option must be activated
a. Use Common Narration b. Narrations for each entry c. Prefill with Zero d. Use as manufacturing Journal 21. How many types of Measurement Units we can create in Tally?
a. 2 b. 3 c.5 d. Unlimited
22. To activate Job Costing which options require to be activated?
a. Maintain Cost Centre b. Use Cost Centre for Job Costing c. Both a & b d. None of these
23. Multiple Godowns are activated from
a. F11 b. F11 > F1 c. F11 > F2 d. F11 > F3
24. There are _________ predefined ledgers
a. One b. Three c. Two d. Four
25. We can see list of Memorandum Vouchers from
a. Cash/Bank Books b. Exception Reports c. Accounts Books d. Trail Balance 26. To print a voucher from Tally we need to press
a. Ctrl + P b. Shift + P c. Alt + P d. Ctrl + Alt + P 27. We can see Working Capital figure changing
a. Voucher configuration b. Profit & Loss configuration c. Balance Sheet configuration d. Ledger configuration 28. Input Vat Ledger is created under which account?
a. Duties & Taxes b. Sales c. Sales Return d. None of these 29. We can create multiple users in Tally activating
a. Tally Audit b. Use Security Control c. Both (a) and (b) d. None of these 30. “Allow components list details (Bill of Materials)” option is activated for a. Ledgers b. Cost Category c. Stock Items d. Budgets 31. Retained Earnings is an alias of
a. Indirect Income b. Reserve and Surplus c. Capital Account d. Investments 32. We can repeat narration by pressing
a. Shift + R b. Alt + R c. Ctrl + R d. Alt + Shift + R 33. What is MRP?
a. Market Price b. Maximum Retail Price c. Marginal Price d. Minimum Retail Price 34. We can use Stock Journal for
a. Production and Consumption b. Inter Godown transfer for stock c. Both (a) and (b) d. None of these
35. Discount Column is available in
a. Sales Invoice b. Purchase Invoice c. Both (a) and (b) d. None of these
36. We can get the report of Interest from
a. Account Books b. Cash and Fund flow c. Inventory Books d. Statements of Accounts 37. We can cancel a voucher using
a. Alt + X b. Ctrl + X c. Shift + X d. Ctrl + Shift + X 38. To see reports of Job Work Analysis
a. Display-Statement of a/cs b. Display-Statement of a/cs-Job Work Analysis c. Display-Statement of a/cs-Cost Center-Job work d. None of these
39. For reconciliation of Bank press
a. F12 b. F10 c. F5 d. F6
40. We can't select cash in Journal Voucher: a. True b. False 41. To create Scenario which option require to be activated?
a. Use Rev Journal & Optional voucher in F12 b. Use Optional voucher in F11
c. Use Reversing voucher in F11
d. Use Rev journal & Optional voucher in F11 42. Optional Voucher is one type of
a. Conventional Voucher b. Unconventional Voucher c. Both (a) & (b) d. None of these 43. TDS deduction entry can be made through
a. Payment Voucher b. Journal Voucher c. Receipt Voucher d. All of these 44. To create Purchase Order press
a. Alt + F4 b. Ctrl + F4 c. F4 d. None of these 45. List of Optional Voucher we can get from
a. Cash Bank Books b. Exceptional Reports c. Accounts Books d. Balance Sheet
46. Input Vat Credit on Capital goods should be defined under
a. Capital Account b.Current Liabilities c. Duties & Taxes d. Misc. Expenses (Assets) 47. Single Entry mode is applicable for
a. Receipt Voucher b. Contra Voucher c. Payment Voucher d. All of these
48. Online voucher creation from Day Book report by pressing a. Ctrl + A b. Shift + A c. Alt + A d. None of these
49. Reversing journal is a
a. Conventional Voucher b. Unconventional Voucher
c. Both (a) and (b) d. None of these
50. To hide the name of the Company you need to define
a. Security Control b. Tally Audit
c. Create at least one User d. Tally Vault Password 51. To declare a voucher as Post Dated press
a. Ctrl + T b. Alt + T c. Ctrl + P d. Ctrl + D
52. We can switch from Accounting Voucher to Inventory Voucher pressing
a. F2 b. Alt +F1 c. Ctrl + F1 d. F11
53. Goods returning to a Creditor after challan but before bill we need to pass
a. Debit Note b. Receipt Note c. Rejection Out d. Rejection In 54. Branch / Division is a group defined under
a. Liabilities b. Assets c. Income d. Expenditure 55. To use Dr/Cr instead of To/By during Voucher entry or vice versa, Press
a. F10 b. F12 c. F11 d. None of these
56. For Export of Data from Company to Company Tally uses
a. SDF Format b. ASCII Format c. XML Format d. All of these 57. Voucher class is a pre defined voucher type that helps to
a. Automatic Entry b. Automatic Calculation c. Minimize Errors d. All of these
58. To alter a master while making an entry or viewing a report
a. Alt + Enter b. Shift + Enter c. Ctrl + Enter d. Tab + Enter 59. To view the TDS report go to
a. Display > Statements of Accounts > TDS Outstanding > TDS Computation b. Accounts Book > TDS Outstanding > TDS Computation
c. Display > TDS Outstanding > TDS Computation d,. None of these
60. To show the cheque number while reconciling Bank Accounts press
a. F11 b. F 12 c. CTRL + F11 d. CTRL + F12
61. Data Folder of a Company consists of
a. 3 digits b. 4 digits c. 6 digits d. 5 digits
62. Total number of Ledgers, Groups, Entries etc. can be shown from
a. Tally Audit b. Statistics c. Accounts Information d. Company Information 63. Voucher Class for Interest calculation created based on
a. Journal Voucher b. Debit and Credit Note
c. Receipt and Payment Voucher d. Both (a) and (b) 64. ETCS means
a. Enable Tax Collected at Source b. Electronic Tax Collected at Source c. Electric Tax Collected at Source d. None of these
65. What is TAN?
a. Tax Account Number b. Tax Assessment Number
c. Tax Assignment Number d. None of these
66. To get Payroll Reports choose a. Gateway of Tally > Display
b. Gateway of Tally > Display > Statement of Accounts c. Gateway of Tally > Display > Statement of Payroll d. Gateway of Tally > Display > Payroll Reports 67. Payroll Auto fill is done through
a. Ctrl + A b. Alt + A c. Ctrl + B d. Alt + B 68. To see Gratuity Reports go to
a. Gateway of Tally > Display > Payroll Report > Gratuity b. Gateway of Tally > Display > Gratuity Report
c. Gateway of Tally > Display > Statement of Accounts > Gratuity Reports d. None of these
69. At the time of Branch Transfer, Sales ledger is created under which Vat/Tax Class?
a. Export b. Consignment/Branch Transfer Outward
c. Sales with Vat rate d. None of these
70. Memorandum Voucher does not affect Books of Accounts. a. True b. False 71. To remove a line at all reports screen, shortcut is
a. Alt + R b. Alt + S c. Alt + 1 d. Alt + T
72. There is no difference between Shut Company & Delete Company. a. True b. False 73. How can we see Vat Reports?
a. Gateway of Tally > Display b. Gateway of Tally > Vat Reports
c. Gateway of Tally > Display > Statutory Info d. Gateway of Tally > Display> Statutory Reports
74. BOM represents
a. Billing of Machines b. Bill of Maintenance c. Bill of Materials d. None of these 75. What is the full form of TCS?
a. Tax Collected by Staff b. Tax Consumption at Source c. Tax Collected at Source d. Tax Collected from Sales 76. The shortcut used for Sales Order is
a. Alt+F4 b. Alt+F5 c. Alt+F7 d. Alt+F8
77. Bank OCC a/c is a group defined under
a. Bank Account b. Secured Loan c. Unsecured Loan d. Loan & Liability 78. Sales Tax Ledger falls under which Group?
a. Indirect Expenses b. Duties and Taxes c. Sales d. Purchases 79. "Alias" represents
a. Short name b. Nick name c. Code name d. All of these 80. To change the date, shortcut used
a. Alt+F2 b. Alt+F3 c. F2 d. F1
81. If we purchase any Fixed asset in credit, we can pass it from
a. Payment mode b. Receipt mode c. Journal mode d. Contra mode 82. To save entry without any amount, we have to use
a. Cost Center b. Maintain Multiple godown
c. Allow O value entry d. Use Rej. Notes 83. To see the report of Unconventional vouchers go to
a. Display-Day Book b. Display-Account Books
c. Display-Exception Reports d. Display-Trial Balance 84. The shortcut used for Optional vouchers is
a. Ctrl + N b. Ctrl + M c. Ctrl + A d. Ctrl + L
85. Transfer of materials from one godown to another godown, use
a. Manufacturing Journal b. Stock Journal
c. Purchase Journal c. Both A & B
86. BOM represents Bill of Materials. a. True b. False
87. Recording of actual stock as physically verified or counted is done through a. Journal b. Stock Journal c. Physical Stock d. Sales 88. Predefined Billing terms can be maintained through
a. Cost Center b. Voucher Class
c. Maintan Multiple Godowns d. Stock Categories 89. How many formats are available while Exporting?
a. 5 b. 4 c. 3 d. 2
90. While exporting Ledgers from Tally to Web Page, we use
a. XML Format b. ASCII Format
c. SDF Format d. HTML Format
91. Budget represents ………
a. Estimation b. Forecasting c. Assumption d. All of these 92. To see any report in detailed way, press
a. Alt+F2 b. F2 c. Alt + C d. Alt+F1
93. In Service tax Credit Adjustment (%) should be either
a. 20% b.100% c. Both a & b d.30%
94. Service Tax Report can be seen from
a. Display > Day Book b. Display > Account Books c. Display > Statutory Masters d. Display > Statutory Reports 95. Can we allow Expenses/Fixed Assets in Purchase vouchers? a.Yes b. No
96. Transfer from Main Cash to Petty Cash you require to pass ……… voucher.
a. Payment b. Contra c. Receipt d. None of these
97. If the Financial Year from is 1st April 2005 and the Books Beginning from is 1st January 2006 then what will be the Closing Date?
a. 31st Dec 2006 b. 31st March 2006 c. 31st December 2005 d. None of these
98. Income Tax number of the Company will appear in which report?
a. Cash/Bank Book b. Profit and Loss A/c
c. Reminder Letter d. None of these
99. Patent account falls under
a. Investments b. Liabilities c. Current Assets d. None of these 100. Find out which is not a Default Ledger in Tally.
a. Cash in Hand b. Capital Account c. Profit & Loss d. None of these