Tally Prime MCQ with answer
1. Which menu option in Tally Prime allows you to view a list of all active companies?
a. Gateway of Tally
b. Accounts Info
c. Display
d. Masters
Answer: Gateway of Tally
2. What is the shortcut key to access the Receipt Voucher in Tally Prime?
a. F4
b. F5
c. F6
d. F7
Answer: F6
3. In Tally Prime, what does the abbreviation "ERP" stand for?
a. Enterprise Resource Planning
b. Effective Reporting Process
c. Electronic Resource Programming
d. Efficient Recordkeeping Protocol
Answer: Enterprise Resource Planning
4. Which feature in Tally Prime allows users to track inventory levels and manage stock transactions?
a. Sales Management
b. Purchase Management
c. Inventory Management
d. Stock Control
Answer: Inventory Management
5. What is the shortcut key to view the Day Book from Gateway of Tally in Tally Prime?
a. A
b. S
c. D
d. K
Answer: K
6. Which type of voucher is used to record the payment of salaries in Tally Prime?
a. Payment Voucher
b. Receipt Voucher
c. Sales Voucher
d. Journal Voucher
Answer: Journal Voucher
7. In Tally Prime, what does the abbreviation "CASH" stand for?
a. Comprehensive Accounting System for Handling
b. Commercial Account Sales Handling
c. Cash Account Statement History
d. Central Accounting System Hub
Answer: Comprehensive Accounting System for Handling
8. What is the shortcut key to view the Trial Balance from Gateway of Tally in Tally Prime?
a. d > k
b. d > t
c. d > a
d. d > d
Answer: d > t
9. Which option in Tally Prime allows you to configure GST settings?
a. Gateway of Tally
b. Company Info
c. Company Feature
d. Display
Answer: Company Feature
10. What is the shortcut key to access the Contra Voucher in Tally Prime?
a. F4
b. F5
c. F6
d. F7
Answer: F4
11. Which feature in Tally Prime allows users to define and apply discounts during sales transactions?
a. Discount Management
b. Price Reduction
c. Sales Discount
d. Discount Ledger
Answer: Sales Discount
12. In Tally Prime, what does the abbreviation "CIN" stand for?
a. Customer Identification Number
b. Company Identification Number
c. Corporate Identification Number
d. Centralized Identification Number
Answer: Corporate Identification Number
13. What is the shortcut key to view the Purchase Register from GOT in Tally Prime?
a. d > a > p
b. d > a > u
c. d > a > s
d. d > a > r
Answer: d > a > p
14. Which type of voucher is used to record the transfer of funds between bank accounts in Tally Prime?
a. Payment Voucher
b. Receipt Voucher
c. Contra Voucher
d. Journal Voucher
Answer: Contra Voucher
15. In Tally Prime, what does the abbreviation "PDC" stand for?
a. Post-Dated Cheque
b. Pre-Dated Cheque
c. Pending Cheque
d. Partially Delivered Cheque
Answer: Post-Dated Cheque
16. What is the shortcut key to export a report in Tally Prime?
a. Ctrl + E
b. Alt + E
c. Ctrl + X
d. Alt + X
Answer: Alt + E
17. Under which option is the Bank Reconciliation option found in Tally Prime??
a. Banking
b. Accounts Info
c. Taxation
d. Display
Answer: Banking
18. In Tally Prime, what does the abbreviation "POS" stand for?
a. Point of Sale
b. Purchase Order System
c. Product Order Summary
d. Point of Service
Answer: Point of Sale
19. What is the shortcut key to view the Stock Summary from GOT in Tally Prime?
a. s
b. k
c. d
d. b
Answer: s
20. Which type of voucher is used to record the receipt of interest income in Tally Prime?
a. Payment Voucher
b. Receipt Voucher
c. Sales Voucher
d. Journal Voucher
Answer: Receipt Voucher
21. In Tally Prime, what does the abbreviation "A/c" stand for?
a. Account
b. Accounting
c. Accountable
d. Accumulated
Answer: Account
22. What is the shortcut key to open a voucher from GOT in Tally Prime?
a. V
b. W
c. X
d. Y
Answer: v
23. Which menu option in Tally Prime allows you to manage user access and security settings?
a. Gateway of Tally
b. Accounts Info
c. Security
d. Display
Answer: Security
24. In Tally Prime, what does the abbreviation "ECS" stand for?
a. Electronic Clearing System
b. Efficient Cash System
c. Easy Collection Service
d. Electronic Cash Settlement
Answer: Electronic Clearing System
25. What is the shortcut key to view the Journal Voucher in Tally Prime?
a. F7
b. F8
c. F4
d. F3
Answer: F7
26. Which report in Tally Prime displays a summary of all transactions for a specific period?
a. Day Book
b. Balance Sheet
c. Profit & Loss Statement
d. Trial Balance
Answer: Day Book
27. In Tally Prime, what does the abbreviation "GST" stand for?
a. Goods and Service Tax
b. General Sales Tax
c. Global Standard Tax
d. Goods Selling Tax
Answer: Goods and Service Tax
28. What is the shortcut key to view the Balance Sheet in Tally Prime?
a. l
b. b
c. e
d. s
Answer: b
29. Which type of voucher is used to record the purchase of goods in Tally Prime?
a. Payment Voucher
b. Receipt Voucher
c. Purchase Voucher
d. Sales Voucher
Answer: Purchase Voucher
30. In Tally Prime, what does the abbreviation "CGST" stand for?
a. Central GST
b. Customer GST
c. Corporate GST
d. Contral GST
Answer: Central GST
31. Which feature in Tally Prime is used to reconcile bank transactions with your Tally accounts?
a. Bank Reconciliation
b. Account Matching
c. Ledger Matching
d. Bank Verification
Answer: Bank Reconciliation
32. Which menu option in Tally Prime allows you to configure company settings?
a. Company
b. Accounts Info
c. Masters
d. Display
Answer: company
33. What is the shortcut key to create a new ledger in Tally Prime?
a. Alt + C
b. Alt + L
c. Alt + N
d. Alt + A
Answer: Alt + C
34. Which shortcut key is used to open the Payment Voucher in Tally Prime?
a. F8
b. F9
c. F4
d. F5
Answer: F5
35. What is the shortcut key to view the Profit & Loss Statement in Tally Prime?
a. B
b. P
c. L
d. N
Answer: P
36. In Tally Prime, what does the abbreviation "VAT" stand for?
a. Value Added Tax
b. Variable Assessment Tax
c. Vendor Account Tax
d. Value Adjustment Tax
Answer: Value Added Tax
37. Which type of voucher is used to record the receipt of income in Tally Prime?
a. Payment Voucher
b. Receipt Voucher
c. Sales Voucher
d. Purchase Voucher
Answer: Receipt Voucher
38. What is the shortcut key to print a voucher in Tally Prime?
a. Ctrl + L
b. Alt + P
c. Ctrl + V
d. Alt + V
Answer: Alt + P
39. Which menu option in Tally Prime allows you to view reports related to inventory management?
a. Gateway of Tally
b. Accounts Info
c. Inventory Info
d. Display
Answer: Inventory Info
40. In Tally Prime, what does the abbreviation "TDS" stand for?
a. Tax Deducted at Source
b. Total Daily Sales
c. Tax Deposit System
d. Total Deduction Service
Answer: Tax Deducted at Source
41. What is the shortcut key to duplicate voucher in Tally Prime while in Day Book?
a. Alt + 2
b. Alt + F
c. Alt + G
d. Alt + J
Answer: Alt + 2
42. Which report in Tally Prime provides a summary of all outstanding dues to suppliers and creditors?
a. Day Book
b. Receivables Statement
c. Payables Statement
d. Outstanding Payables
Answer: Outstanding Payables
43. What is the shortcut key to delete a voucher in Tally Prime?
a. Alt + Del
b. Alt + R
c. Alt + D
d. Alt + X
Answer: Alt + D
44. Which shortcut key is used to open the Sales Voucher in Tally Prime?
a. F8
b. F9
c. F4
d. F5
Answer: F8
45. What is the shortcut key to close a company in Tally Prime?
a. Ctrl + F3
b. Ctrl + F4
c. Ctrl + F5
d. Ctrl + F6
Answer: Ctrl + F3
46. Which type of voucher is used to record the payment of expenses in Tally Prime?
a. Payment Voucher
b. Receipt Voucher
c. Sales Voucher
d. Purchase Voucher
Answer: Payment Voucher
47. Which shortcut key is used to open the Contra Voucher in Tally Prime?
a. F4
b. F5
c. F6
d. F7
Answer: F4
48. In Tally Prime, what does the abbreviation "CIN" stand for?
a. Customer Identification Number
b. Company Identification Number
c. Corporate Identification Number
d. Centralized Identification Number
Answer: Corporate Identification Number
49. What is the shortcut key to duplicate a voucher in Tally Prime?
a. Alt + 2
b. Alt + 1
c. Alt + D
d. Alt + J
Answer: Alt + 2
50. F6 is shortcut to open
a. Purchase Voucher
b. Sales Voucher
c. Payment Voucher
d. Receipt Voucher
Answer: Receipt Voucher