
TALLY - L1 INTERVIEW TEST
Authored by Saurabh Singh
Computers
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the shortcut key to view the balance sheet in Tally?
Alt + B
Alt + F1
Alt + F4
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the function of a contra voucher in Tally?
To record transactions related to bank deposits and withdrawals
To record purchase transactions
To create invoices
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the difference between a stock item and a stock group in Tally?
Stock item is a collection of similar stock groups, while stock group is a single unit of a product
There is no difference between stock item and stock group
Stock item is a single unit of a product, while stock group is a collection of similar stock items
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the double entry for the sale of goods worth $1,000 on credit?
Debit Sales $1,000; Credit Accounts Payable $1,000
Debit Cash $1,000; Credit Accounts Receivable $1,000
Debit Accounts Receivable $1,000; Credit Sales $1,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following statements is true about the cash discount?
It is a discount offered by the buyer to the seller for early delivery
It is a discount offered by the seller to the buyer for early payment
It is a discount offered by the seller to the buyer for late payment
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following is an example of a contra voucher in Tally?
Payment voucher
Purchase voucher
Journal voucher
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Which of the following statements is true about the memorandum voucher in Tally?
It is used to record transactions related to payroll
It is a non-accounting voucher
It is used to record transactions related to sales
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