Question: 1

Where is Tally Originated from

(A) Pakistan

(B) America

(C) India

(D) South Africa

Question: 2

To alter a master while making an entry or viewing a report

(A) Ctrl + Enter

(B) Tab + Enter

(C) Shift + Enter

(D) Alt + Enter

Question: 3

_____ is the shortcut to change the accounting period from Gateway

of Tally.

(A) F1

(B) Alt+F1

(C) Alt+F2

(D) Alt+F3
Question: 4

Which ledger is created by Tally automatically as soon as we create

a new company?

(A) Capital A/c.

(B) Profit & Loss A/c

(C) Cash

(D) B and C both

Question: 5

Explain the steps on how to create multi-currency in Tally Prime?

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Question: 6
Mention three accounting software excluding Tally

1. ____________________

2. ____________________

3. ____________________
Question: 7

Mention At least 2 Advantages and 2 Disadvantages of Tally

Advantages
1. ____________________
2. ____________________

Disadvantages

1. ____________________
2. ____________________

Question: 8

1.) How Many Types of Tally Software are there?

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2.) What is Tally?

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Question: 9

What is Journal entry used for?

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Question: 10

What is Receipt entry used for?

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Question: 11

What is Debit note entry used for?

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Question: 12

What is Stock-Journal entry used for?

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Question: 13

What is Credit note entry used for?

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Question: 14
Identify the a/c’s to be debited and identify the a/c’s to be credit

1.) Ali brought Cash TShs.1,000,000/- and a Cheque (Exim Bank) of

TShs.50,000/- into the business.

Dr _______________________

Cr _______________________

2.) Sales made on Cash to Kadir worth TShs.25,000/-

Dr _______________________

Cr _______________________

3.) Credit Sales made to Kiran worth TShs.15,000/-

Dr _______________________

Cr _______________________

4.) Purchased Office Machinery worth TShs.50,000/-

Dr _______________________

Cr _______________________

5.) Transferred Cash to Bank (Exim Bank) TShs.25,000/-

Dr _______________________

Cr _______________________

6.) Ali added another TShs.50,000/- Cash into the business

Dr _______________________

Cr _______________________
 7.) Paid Office Rent TShs.40,000/- by Cheque

Dr _______________________

Cr _______________________

8.) Cash Sales of TShs.160,000/-

Dr _______________________

Cr _______________________

9.) Salary to Staff was given by Cash TShs.100,000/-

Dr _______________________

Cr _______________________

Question: 15
Identify voucher type to be used in each transaction

1.) 11th May - Transferred TShs. 50,000/- from Cash a/c to National Bank of
______________________

2.) 25th May - Bought Motor Van on credit from Manchester Motors, $ 2,600/
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3.) 5th Jun - Bought Office Furniture on credit from Faster Supplies Ltd. $ 600/
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4.) 10th Jun - Bought goods on credit $ 150 from Tahir

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5.) 15th Jun - Returned goods to Tahir worth $ 50

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6.) 20th Jun - Bought goods on credit from Aleem worth $ 100
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7.) 23rd Jun – We Returned goods to Aleem worth $ 20

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8.) 25th Jun - Paid Manchester Motors $ 2,600/- by Cash

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9.) 27th Jun – Made cash payments to Faster Supplies Ltd.

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