Question On Tally Prime 2

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COMPUTER INSTITUTE FOR PROFESSIONAL LEARNING

Course: Diploma in Computer Application


Subject: Tally Prime Date of Theory Exam: 30.10.2024

Name :……………….…………………Signature………………….Invigilator……………
A. Choose the best answer of the following question: 1X10=10
1. Tally package is developed by
A. Peutronics B. Tally Solutions C. Coral Software D. Vedika Software
2. Which menu appears after starting Tally for the first time?
A. Gateway of Tally B. Company Info C. Display D. None of these
3. Which option is used to open company created in Tally?
A. Create Company B. Alter C. Select Company D. Shut Company
4. Which shortcut key is used to take print of any report in Tally?
A. Ctrl+P B. Shift+P C. Alt+P D. Alt+Ctrl+P
5. Which submenu is used to create new ledgers, groups and voucher types in Tally?
A. Account Info. B. Inventory Info. C. Accounting Vouchers D. Inventory Vouchers
6. Which voucher type is used to transfer amount from one bank to another?
A. Contra B. Payment C. Receipt D. Post-Dated
7. Sales return are recorded in_____voucher.
a). Sales voucher b). debit note c). receipt d). Credit note
8. Debit note is used for entering
a). Purchases b). Sales c). Purchase return d). Sales return
9. ______ are the liabilities which are payable after a long period
A. Fixed liabilities B. Miscellaneous expenditure C. Current liabilities D. Contingent liabilities
10. ____ refers the amount invested by the owner into business
A. Loan B. Advance C. Capital D. Prepaid expenses
B. Match the following column:1x10=10
Column A Column B
1. Which keyboard shortcut is used to create a Sales voucher? i. Current liabilities.
2. Which keyboard shortcut is used to create a Purchase voucher? ii. Liabilities
3. Tally 4.5 was released in the year. iii. Current assets
4. Tally 5.4 was released in the year. iii. Fixed assets
5. An asset which is either cash or anything which can be converted
into cash quickly. iv. Sundry Debtors.
6. The assets, which are responsible to generate revenue for business. v. F8
7. The obligations or Debts payable by the business in future in the
form of money or goods. vi. Sundry Creditors.
8. The short-term debts or obligation which a company needs to pay
within a year, salaries payable, amount payable to suppliers. vii. 1996
9. Sales entry account will be created under ix. F9
10. Purchase account will be created under x. 1990

C. Choose the best answer either True or False: 1x10=10


1. Sales entry account will be created under Sundry Debtors. True
2. Exit option is used to exit tally. False
3. Inventory information contains the details of inventory masters. True
4. Alter option is given in Tally to make changes in created company. True
5. Multi-lingual tally software supports multi-languages. True
6. International accounting terminology cannot be applied in Tally. False
7. Account Vouchers available for voucher entry in Tally Prime. True
8. If you wish to create an item group on the Stock Item Creation screen, use
the keyboard shortcut Alt+C. True
9. Alias" represents short name. True
10. For reconciliation of Bank press F6. False
D. Write only one word of the best of your answer: 1x10=10
1. What is the language of business? Accounting _______
2. Mention what is the short cut to select the credit note voucher in Tally Prime? Ctrl+F8
3. How can you duplicate a voucher in Tally Prime using shortcut keys? Alt+2
4. What is the shortcut to shut a company in Tally. Alt+F1________________
5. Who receives benefits without giving money immediately but liable
to pay in future? Debtor___________
6. What is the major source of revenue of any business? Sales _____________
7. What is the shortcut to create contra voucher in Tally. F4_______________
8. Which menu appears after starting Tally for the first time? company info.___________
9. Where do we record transactions of salary, rent or interest paid? Payment____________
10. Which is the collection of all accounts? Ledger __________________

E. Answer any 10 of the following question not more than five sentences: 2x10=20
1. What is Tally Prime?
2. What are the advantages of Tally Prime?
3. What is Balance Sheet?
4. What is Fixed Assets?
5. Name the features of Banking in Tally Prime?
6. What is Ledger?
7. What are Inventory Vouchers?
8. What is contra entry?
9. What are Vouchers?
10. What is credit?
11. What is contra entry?
12. What are the features of Tally Prime?
13. What is difference between reconciled and unreconciled?

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