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Past Papers TALLY ERP Questions Answers
1. Which of the following is not a account type?
Nominal account
Real Accounts
Occasional account (Answer)
Personal Accounts
2. Tally is?
Which maintains accounts with inventory records
Package, which maintains accounts only
Which display the detail report trial balance, balance sheet etc
All of Above (Answer)
3. Balance sheet display?
Balances of all individual account
Exact financial position of the business on specific date (Answer)
Bank and cash Balances
Entire summary of the all ledger accounts
4. System of traversing form Balance sheet to voucher permitting to view al the?
Audit trail (Answer)
Special situation
Tracking
None of the above
5. Sales purchase A/C groups are reflected in -------------?
Balance sheet
Profit And loss A/C (Answer)
Journal Register
None if the above
6. All expenses and losses always having?
Exact difference balance
Debit balance
Balance entered in voucher
Credit balance (Answer)
7. Journal book is used to?
All sale and purchase records
Entries regarding general transactions
To records all the non-cash transactions only (Answer)
Records all the entries
8. Cash in hand & bank A./C balance helps for-------------?
Inventory control
Payment Decision (Answer)
Sales performance
None if the above
9. Rates & Taxes comes under ------------ Groups?
Duties &Taxes (Answer)
Expenditure
Income
None if the above
10. Manufacturing expenses comes under----------- Group?
Direct Expenses (Answer)
Expenses (Indirect)
Miss Expenses
None if the above
11. Under Group --------------- can be created?
Vouchers
Multiple Ledgers (Answer)
Date
All of above
12. In case of personal accounts the receiver is?
Debit (Answer)
Balance entered in voucher
Credit
All of Above
13. Which financial statement can be made from Trial balance?
Purchases
Ledger
Sales
Balance sheet (Answer)
14. Closing stock appears in --------------?
Profit & loss A/C
Trial Balance
Balance Sheet (Answer)
None of the above
15. ------------is beginning date of financial year?
1st April (Answer)
1st February
1st January
1st March
