Tally MCQ Questions with Answers for Quick Revision

Tally MCQ Questions are a helpful tool for students and professionals who want to learn more about accounting software. Tally is widely used in businesses to manage money, keep records, handle GST, payroll, and stock. Solving multiple-choice questions makes it easier to remember important parts of Tally like shortcut keys, voucher types, and reports. These questions are great for preparing for exams, job interviews, or day-to-day work in accounts. By practicing different types of Tally MCQ Questions, you can understand how Tally works and become faster and better at using it in real-life situations.

80 Tally MCQ Questions

1. What is Tally primarily used for?

A. Gaming
B. Web Development
C. Accounting
D. Designing

Answer: C. Accounting

2. What does Tally stand for?

A. Transactions Allowed in a Logical Line Yard
B. Total Accounting Logical Language Yard
C. Transactions Allowed in a Linear Line Yard
D. None of the above

Answer: A. Transactions Allowed in a Logical Line Yard

3. Which version of Tally supports GST?

A. Tally 7.2
B. Tally ERP 9
C. Tally 6.3
D. Tally 5.4

 Answer: B. Tally ERP 9

4. Tally Solutions is headquartered in which city?

A. Mumbai
B. Delhi
C. Bangalore
D. Hyderabad

 Answer: C. Bangalore

5. Which key is used to activate GST in Tally?

A. F1
B. F11
C. Alt + F2
D. F12

 Answer: B. F11

6. The shortcut for creating a company in Tally is:

A. Alt + F1
B. Alt + F3
C. Ctrl + N
D. F3

 Answer: B. Alt + F3

7. What is the default currency in Tally?

A. Pound
B. Dollar
C. Rupee
D. Yen

 Answer: C. Rupee

8. Which feature helps in viewing all transactions in a company?

A. Day Book
B. Cash Book
C. Ledger
D. Balance Sheet

 Answer: A. Day Book

9. Which key is used to quit Tally?

A. Esc
B. Ctrl + Q
C. Alt + F4
D. Ctrl + Esc

 Answer: B. Ctrl + Q

10. In Tally, a ledger is created under a:

A. Group
B. Company
C. Voucher
D. Stock Item

Answer: A. Group

11. Which of the following is a type of voucher in Tally?

A. Sales
B. Purchase
C. Receipt
D. All of the above

 Answer: D. All of the above

12. What does F5 represent in Tally?

A. Payment Voucher
B. Sales Voucher
C. Purchase Voucher
D. Contra Voucher

 Answer: B. Payment Voucher

13. Which report provides the summary of all accounts?

A. Trial Balance
B. Stock Summary
C. Day Book
D. Journal

 Answer: A. Trial Balance

14. To alter a company, the shortcut key is:

A. Alt + F2
B. Alt + F3
C. Ctrl + A
D. F11

Answer: B. Alt + F3

15. Which voucher is used for depositing cash into a bank?

A. Payment
B. Receipt
C. Contra
D. Sales

Answer: C. Contra

16. The shortcut to create a ledger is:

A. Alt + C
B. Alt + G
C. Ctrl + L
D. F10

 Answer: A. Alt + C

17. What is the use of the Balance Sheet in Tally?

A. Shows Day Book
B. Shows Profit & Loss
C. Shows Financial Position
D. Shows Bank Reconciliation

 Answer: C. Shows Financial Position

18. Which key is used to configure company features?

A. F10
B. F12
C. F11
D. F2

Answer: C. F11

19. What is the shortcut for Voucher Entry screen?

A. F1
B. Alt + F8
C. Ctrl + V
D. Alt + G

Answer: D. Alt + G

20. Tally software is developed in which programming language?

A. C++
B. Tally Definition Language (TDL)
C. Java
D. Python

Answer: B. Tally Definition Language (TDL)

21. Tally Vault is used for?

A. Creating Reports
B. Data Security
C. Printing Invoices
D. Inventory Management

Answer: B. Data Security

22. What is the shortcut for Sales Voucher?

A. F5
B. F8
C. F9
D. F7

 Answer: B. F8

23. Which key is used to view reports in Tally?

A. F5
B. Alt + F1
C. F12
D. Alt + G

Answer: D. Alt + G

24. What is the full form of VAT?

A. Value Added Tax
B. Verified Accounting Total
C. Valued Asset Transaction
D. Variable Accounting Tax

Answer: A. Value Added Tax

25. How many predefined groups are there in Tally?

A. 20
B. 28
C. 15
D. 32

Answer: B. 28

26. What is the shortcut for Receipt Voucher?

A. F6
B. F8
C. F4
D. F9

Answer: A. F6

27. Which report shows outstanding payments?

A. Trial Balance
B. Balance Sheet
C. Bills Receivable/Payable
D. Stock Summary

Answer: C. Bills Receivable/Payable

28. Which ledger group does Cash belong to?

A. Bank Account
B. Cash-in-Hand
C. Loans
D. Current Assets

Answer: B. Cash-in-Hand

29. F11 is used for:

A. Inventory Reports
B. Company Features
C. Payroll
D. Exit Tally

 Answer: B. Company Features

30. In which voucher type can a journal entry be passed?

A. Payment
B. Contra
C. Journal
D. Purchase

 Answer: C. Journal

31. The shortcut to shut a company in Tally is:

A. Ctrl + Q
B. Alt + F1
C. Alt + F3
D. Ctrl + F1

Answer: C. Alt + F1

32. Tally supports how many companies at a time?

A. 1
B. 10
C. Unlimited
D. 5

Answer: C. Unlimited

33. Which key is used to open a new company in Tally?

A. Alt + F2
B. Alt + F3
C. Ctrl + N
D. Alt + C

Answer: B. Alt + F3

34. Which voucher is used for cheque payments?

A. Receipt
B. Sales
C. Payment
D. Contra

Answer: C. Payment

35. The default base currency in Indian version of Tally is:

A. INR
B. USD
C. GBP
D. EUR

Answer: A. INR

36. Which key is used to print a report in Tally?

A. Alt + P
B. Ctrl + P
C. Alt + R
D. Shift + P

Answer: A. Alt + P

37. What is the shortcut to go to Gateway of Tally?
38. A. Esc
    B. Ctrl + G
    C. Alt + G
    D. F10

Answer: A. Esc

38. Payroll management in Tally is activated from:

A. F12
B. F11
C. Alt + P
D. F1

Answer: B. F11

39. The process of recording a transaction in Tally is called:

A. Entry
B. Posting
C. Voucher Entry
D. Billing

Answer: C. Voucher Entry

40. Which of the following is not a ledger group?

A. Capital Account
B. Fixed Assets
C. Cash
D. Sales Register

Answer: D. Sales Register

41. What is the use of F12 in Tally?

 

A. Exit
B. Configure
C. Features
D. Reports

Answer: B. Configure

42. Tally allows creation of how many godowns?

A. 5
B. 10
C. Unlimited
D. 100

Answer: C. Unlimited

43. What is the key to open Inventory Vouchers?

A. Alt + G
B. Alt + F8
C. Ctrl + I
D. F10

 Answer: D. F10

44. Which ledger is affected in a cash purchase?

A. Sales
B. Cash
C. Purchase
D. Both B and C

Answer: D. Both B and C

45. Gateway of Tally → Display → Account Books →?

A. Day Book
B. Ledger
C. Trial Balance
D. Cash Book

Answer: B. Ledger

46. The maximum characters allowed in ledger name is:

A. 31
B. 47
C. 63
D. 127

 Answer: D. 127

47. Which version introduced TallyPrime?

A. 6.3
B. ERP 9
C. TallyPrime 1.0
D. Tally 9

Answer: C. TallyPrime 1.0

48. TallyPrime interface is based on which design?

A. Menu Driven
B. Icon Based
C. Flow Based
D. Command Line

 Answer: C. Flow Based

49. How many voucher types are available by default in Tally?

A. 10
B. 14
C. 16
D. 18

Answer: C. 16

50. Which report shows profitability?

A. Trial Balance
B. Day Book
C. Profit & Loss
D. Stock Summary

Answer: C. Profit & Loss

51. Interest calculation in Tally is done on which basis?

A. Daily
B. Monthly
C. Yearly
D. Configurable

Answer: D. Configurable

52. In Tally, Godown feature is related to:

A. Payroll
B. Taxation
C. Inventory
D. Security

Answer: C. Inventory

53. F7 key in Tally is used for:

A. Journal Voucher
B. Receipt
C. Sales
D. Contra

 Answer: A. Journal Voucher

54. In Tally, ‘Ctrl + A’ is used to:

A. Exit
B. Save
C. Abort
D. Print

Answer: B. Save

55. What is the purpose of a group in Tally?

A. Store Inventory
B. Organize Ledgers
C. Print Reports
D. Enter Transactions

Answer: B. Organize Ledgers

56. Tally software was first released in:

A. 1986
B. 1990
C. 1984
D. 1996

Answer: B. 1990

57. Gateway of Tally is the:

A. Report screen
B. Start screen
C. Company creation screen
D. Inventory menu

Answer: B. Start screen

58. GST full form is:

A. Goods Service Tax
B. Goods and Services Tax
C. Government Sales Tax
D. General Services Tax

Answer: B. Goods and Services Tax

59. Which is a statutory report in Tally?

A. Balance Sheet
B. P&L
C. GST Returns
D. Day Book

Answer: C. GST Returns

60. What does ‘Ctrl + Enter’ do in Tally?

A. Modify master
B. Print voucher
C. Open calculator
D. Exit Tally

 Answer: A. Modify master

61. Which module manages salary in Tally?

A. Payroll
B. Inventory
C. Accounting
D. Security

 Answer: A. Payroll

62. Which feature is used to manage stock items?

A. Ledger
B. Inventory
C. Payroll
D. Journal

Answer: B. Inventory

63. The shortcut key to use Calculator in Tally is:

A. Ctrl + C
B. Ctrl + N
C. Ctrl + A
D. Ctrl + Alt + C

 Answer: B. Ctrl + N

64. The file extension for Tally backup file is:

A.dat
B. .txt
C. .xml
D. .900

 Answer: D. .900

65. Tally audit feature is used by:

A. Accountant
B. Administrator
C. Auditor
D. HR

 Answer: C. Auditor

66. In Tally, units of measurement are created under:

A. Accounting Info
B. Inventory Info
C. Display
D. Gateway

Answer: B. Inventory Info

67. Which is NOT a default ledger in Tally?

A. Cash
B. Sales
C. Capital
D. Profit & Loss A/c

Answer: C. Capital

68. What is required for enabling TallyVault?

A. GSTIN
B. Password
C. Ledger
D. License

Answer: B. Password

69. The shortcut to copy a ledger name is:

A. Alt + C
B. Alt + D
C. Ctrl + C
D. Ctrl + Alt + C

 Answer: C. Ctrl + C

70. The shortcut to delete a master in Tally is:

A. Ctrl + Alt + D
B. Alt + D
C. Alt + Del
D. Ctrl + D

Answer: B. Alt + D

71. Tally software license comes in which forms?

A. Silver
B. Gold
C. Both A and B
D. Platinum only

Answer: C. Both A and B

72. The inventory report is accessed from:

A. Display → Inventory Books
B. Display → Accounts
C. Reports → Gateway
D. Display → Payroll

Answer: A. Display → Inventory Books

73. A sales voucher affects which account?

A. Purchase
B. Sales
C. Cash/Bank
D. Both B and C

Answer: D. Both B and C

74. Which ledger does a discount go under?

A. Indirect Income
B. Direct Expense
C. Indirect Expense
D. Current Liabilities

Answer: C. Indirect Expense

75. Purchase return is recorded in which voucher?

A. Debit Note
B. Credit Note
C. Sales
D. Receipt

Answer: A. Debit Note

76. Sales return is recorded in:

A. Credit Note
B. Debit Note
C. Journal
D. Purchase

 Answer: A. Credit Note

77. What is a suspense account used for?

A. Temporary adjustments
B. Final accounts
C. Salaries
D. Assets

Answer: A. Temporary adjustments

78. Interest calculation is available under which feature?

A. F11
B. F12
C. F9
D. Alt + F3

 Answer: A. F11

79. How is the stock summary report useful?

A. Shows employee performance
B. Shows tax reports
C. Shows stock-in-hand
D. Shows payment schedule

 Answer: C. Shows stock-in-hand

80. How to record GST payment in Tally?

A. rough Payment Voucher
B. Through Journal
C. Through Sales Voucher
D. Through Contra

Answer: A. Through Payment Voucher

Wrapping Up

Solving Tally MCQ Questions is a smart and easy way to learn how the Tally software works. These questions help you check what you know and show you where you need to do better. Whether you are studying for an exam, getting ready for a job interview, or just want to use Tally better in daily work, regular practice is very helpful. You will learn about vouchers, shortcut keys, GST, and other important features. By answering Tally MCQs  every day, you can become faster, more confident, and more accurate in using Tally.