Q.1)-The First step to get started with Tally
  • Open Company
  • Create Company
  • Edit Company
  • None of these
Q.2)-This Function Key is used to modify the features of a Company
  • F11
  • F12
  • F13
  • F1
Q.3)-If Allow Multi-Currency is set of 'yes'
  • In the country symbol field no symbol can be provided
  • In name field, base currency cannot be set
  • It cannot be modified if it has been used
  • It can be modified if it has been used
Q.4)-From where the details of the items sold are listed
  • Allow invoicing
  • Without invoicing
  • Invoicing
  • Bill wise
Q.5)-To alter the details of a company
  • Tally> F1: Details > Alter
  • Tally > F2:Cmp Info> alter
  • Tally > F3: Cmp info > alter
  • Tally > F4 : Cmp info > alter
Q.6)-This function key is used to set the various applications available in tally
  • F 12
  • F 11
  • F 10
  • F 9
Q.7)-The ……….deals with goods and repacks them if necessary but does not process them
  • Saler
  • Purchaser
  • Retatailer
  • Trader
Q.8)-It is the net income before income tax and interest expenses
  • Operating profit
  • Profit
  • Gross profit
  • Net profit
Q.9)-Opening stock+purchases- Purchase return and allowances is equal to
  • Cost of goods
  • Cost of goods for purchase
  • Cost of purchase
  • Cost of goods available for sale
Q.10)-It consists of raw materials and other items available for sale
  • Contents
  • Material
  • Inventory
  • Consumers