TallyPrime Basics: 50 MCQ Quiz
TallyPrime Quiz

TallyPrime Mastery Quiz

Test your professional accounting skills! This quiz features 50 questions covering Company Creation, Ledgers, GST, Vouchers, and Advanced Reports in TallyPrime.

Lessons 1-5: Company & Ledgers

1. What is the shortcut key to create a new company in TallyPrime?
Correct Answer: A Explanation: In TallyPrime, Alt + K opens the Company menu, from where you can Create, Alter, or Select companies.
2. Which option is used to change existing company details in TallyPrime?
Correct Answer: B Explanation: The 'Alter' option under the Company menu (Alt + K) allows you to modify information like Address, Phone number, or Financial Year.
3. "Salary Account" should be created under which Group?
Correct Answer: B Explanation: Salary is an administrative cost and is categorized under Indirect Expenses in standard accounting.
4. Which of the following is a pre-defined Ledger in TallyPrime?
Correct Answer: B Explanation: TallyPrime creates two ledgers by default: Cash and Profit & Loss A/c.

Lessons 6-10: Voucher Entry

5. Which voucher type is used for cash deposits into a bank?
Correct Answer: C Explanation: Contra (F4) is used for transactions involving Cash and Bank or between two Bank accounts.
6. What is the shortcut key for a Purchase Voucher?
Correct Answer: C Explanation: F9 is used for Purchase vouchers, and F8 is used for Sales vouchers.
7. To record credit purchases of Fixed Assets, which voucher is used?
Correct Answer: B Explanation: Journal (F7) is used for non-cash adjustments and credit purchases of assets that aren't stock-in-trade.

Lessons 11-15: Inventory & Features

8. What is the full form of HSN in Tally GST?
Correct Answer: B Explanation: HSN is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide.
9. Which key allows you to enable Features like GST or Inventory in TallyPrime?
Correct Answer: C Explanation: F11 is used for Company Features (Accounting, Inventory, Taxation).
10. Where do you record a "Sales Return" in TallyPrime?
Correct Answer: B Explanation: A Credit Note is issued to a customer when they return goods to us.

Lessons 16-20: Navigation & Reports

11. Which new feature in TallyPrime allows you to search for any report or action from anywhere?
Correct Answer: B Explanation: "Go To" is a powerful search tool that lets you find reports without leaving your current screen.
12. Which report shows the financial position of a company on a specific date?
Correct Answer: C Explanation: The Balance Sheet lists Assets, Liabilities, and Equity to show financial health.
13. What is the shortcut key to see the "Detailed" view of any report?
Correct Answer: C Explanation: Both Alt+F1 and Alt+F5 expand a summary report into a detailed one in Tally.

Lessons 21-25: Banking & Taxation

14. To record a payment made to a supplier via Cheque, which voucher is used?
Correct Answer: B Explanation: Any outgoing money (Cash or Bank) is recorded in the Payment voucher.
15. What is "Bank Reconciliation" (BRS) used for?
Correct Answer: B Explanation: BRS helps identify differences in dates between your records and the bank's records.
16. IGST is applicable on which type of supply?
Correct Answer: B Explanation: Integrated GST (IGST) is charged when goods or services move from one state to another.

Lessons 26-30: Advanced Inventory

17. Which unit of measure would be used for Milk in Tally Inventory?
Correct Answer: B Explanation: Liquid items are measured in Litres (Ltrs).
18. To store stock in different locations, which feature is enabled in Tally?
Correct Answer: B Explanation: Godowns (known as Locations in some regions) allow you to track stock across warehouses.
19. What is the shortcut key to select "Change Mode" in a voucher?
Correct Answer: A Explanation: Ctrl + H allows you to switch between Item Invoice, Accounting Invoice, and As Voucher modes.
20. What is "Stock Summary" report used for?
Correct Answer: B Explanation: Stock Summary provides a status of all inventory items available in the business.

Lessons 31-35: Data & Maintenance

21. To prevent data loss, you should regularly take a ________.
Correct Answer: B Explanation: Backup creates a copy of your Tally data that can be restored if the original file is corrupted.
22. What is the shortcut key for "Accept" or saving a screen in Tally?
Correct Answer: B Explanation: Ctrl + A is the quickest way to save changes in any TallyPrime screen.
23. In TallyPrime, "TallyVault" password is used for:
Correct Answer: B Explanation: TallyVault provides high-level security by encrypting your data and showing only stars (*) in the company selection list.
24. What is the shortcut key to "Delete" a voucher or ledger?
Correct Answer: A Explanation: Alt + D is used to delete masters or transactions permanently.

Lessons 36-40: General Mastery

25. Which menu is known as the "Home Screen" of Tally?
Correct Answer: B Explanation: Gateway of Tally (GOT) is the primary menu from which all other features are accessed.
26. Which shortcut is used to "Cancel" a voucher?
Correct Answer: B Explanation: Cancelling (Alt + X) keeps the voucher number but clears all values, unlike Delete (Alt + D) which removes it entirely.
27. What is the default port number for Tally ODBC?
Correct Answer: B Explanation: Port 9000 is the standard port for Tally data communication with other software like Excel.
28. Which key is used to calculate figures inside a voucher?
Correct Answer: C Explanation: Ctrl + N opens the calculator at the bottom of the Tally screen.
29. "Furniture" is an example of which Tally group?
Correct Answer: B Explanation: Fixed assets are long-term tangible items like furniture, computers, and buildings.
30. What is the shortcut key to "Export" a report?
Correct Answer: B Explanation: Alt + E opens the Export menu to save reports as PDF, Excel, or JPEG.
31. What does "Dr" represent in accounting?
Correct Answer: B Explanation: Dr stands for Debit, and Cr stands for Credit in double-entry bookkeeping.
32. Which voucher is used for "Goods sold for Cash"?
Correct Answer: B Explanation: Both cash sales and credit sales are recorded in the Sales (F8) voucher.
33. To print a report, the shortcut key is:
Correct Answer: B Explanation: Alt + P opens the print menu. (Ctrl + P is also supported in newer versions).
34. What is the shortcut key to "Create" a master from within a voucher screen?
Correct Answer: A Explanation: Alt + C allows you to create a ledger or stock item instantly without leaving the voucher.
35. Which report shows all transactions entered for a specific date?
Correct Answer: C Explanation: The Day Book records every single transaction performed on a particular day.
36. What is "Post Dated Cheque" (PDC)?
Correct Answer: B Explanation: Tally allows you to manage PDCs, and these only affect accounts once the date arrives.
37. "Sundry Debtors" group represents:
Correct Answer: B Explanation: Customers to whom you sell goods on credit are categorized as Sundry Debtors.
38. Which shortcut key is used to change the "Date" in TallyPrime?
Correct Answer: B Explanation: F2 changes the date for a specific entry. Alt + F2 changes the whole period.
39. What is "Stock Category"?
Correct Answer: A Explanation: Categories allow you to classify items beyond groups (e.g., a stock group 'Mobile' can have a category '5G').
40. In a "Receipt" voucher, where is the money coming into?
Correct Answer: A Explanation: Real Account rule: Debit what comes in. Cash or Bank is debited during a receipt.
41. What is "TDS" in Taxation?
Correct Answer: B Explanation: TDS is a system where tax is deducted at the time of payment (like salary or professional fees).
42. "Purchase Return" is also known as:
Correct Answer: B Explanation: Purchase return means goods are going OUT of the business back to the supplier.
43. Which key is used to view "Profit & Loss Account" from GOT?
Correct Answer: B Explanation: Pressing 'P' at the Gateway of Tally (GOT) directly opens the Profit & Loss report.
44. "Bills Payable" comes under which group?
Correct Answer: B Explanation: Bills payable are short-term financial obligations of the business.
45. What is the shortcut key to "Duplicate" a voucher?
Correct Answer: B Explanation: Alt + 2 is used to duplicate a selected entry from the Day Book or Ledger screen.
46. Which report is best for finding all entries by a particular employee?
Correct Answer: B Explanation: Display > Statement of Accounts > Statistics shows a breakdown of all transactions by type and user.
47. What is "Narrations" in Tally?
Correct Answer: B Explanation: Narrations provide context for why a specific transaction was recorded.
48. To open "Accounting Features" in TallyPrime, we use:
Correct Answer: B Explanation: Company features (Taxes, Inventory, Accounts) are all managed via F11.
49. What is the shortcut key to "Shut" a company?
Correct Answer: B Explanation: In TallyPrime, Ctrl + F3 is the dedicated shortcut to shut one of the currently open companies.
50. Which report provides the final Summary of the business (Profit/Loss)?
Correct Answer: B Explanation: The Profit & Loss account summarizes all incomes and expenses for a period.

You May Also Like

Loading...