Question 1

What is Tally used for in accounting?

Accepted Answer

Recording financial transactions

Answer

Painting walls

Answer

Sending emails

Answer

Baking cookies

Question 2

In Tally, what does the term 'GST' stand for?

Accepted Answer

Goods and Services Tax

Answer

Global Software Toolbox

Answer

Great Savings Time

Answer

Green Screen Technology

Question 3

What is the purpose of Tally's 'Bank Reconciliation' feature?

Accepted Answer

Matching company records with bank statements

Answer

Playing a musical instrument

Answer

Singing karaoke songs

Answer

Mixing colors for painting

Question 4

Which type of voucher is used in Tally to record purchases of goods or services?

Accepted Answer

Purchase Voucher

Answer

Petty Cash Voucher

Answer

Travel Voucher

Answer

Salary Voucher

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