|
Session-No |
Q.N |
Question |
ANS |
|
S-01-T-A-C |
1 |
What is the primary purpose of accounting? |
2 |
|
|
2 |
What is the purpose of double-entry accounting? |
2 |
|
|
3 |
What is accounting primarily concerned with? |
3 |
|
|
4 |
Which of the following best defines accounting? |
4 |
|
|
5 |
What is accounting? |
3 |
|
|
6 |
Why is accounting important for businesses? |
3 |
|
|
7 |
What is the main objective of financial accounting? |
2 |
|
|
8 |
Which of the following is an example of a financial transaction that
would be recorded in accounting? |
1 |
|
|
9 |
What is the single-entry method of accounting primarily used for? |
2 |
|
|
10 |
In single-entry accounting, how are financial transactions recorded? |
3 |
|
S-01 S-E-T |
1 |
Which of the following financial statements is typically not generated
using the single-entry accounting method? |
2 |
|
|
2 |
In double-entry accounting, what does it mean when an account is
credited? |
2 |
|
|
3 |
In double-entry accounting, what does the term "debit" mean? |
2 |
|
|
4 |
What is the role of the double-entry method in preventing errors in
financial records? |
1 |
|
|
5 |
Which financial accounting concept assumes that a business entity will
continue to operate indefinitely? |
2 |
|
|
6 |
Which book of accounts is used to record all financial transactions in
chronological order? |
3 |
|
|
7 |
In which book of accounts are individual accounts for assets,
liabilities, income, and expenses maintained? |
1 |
|
|
8 |
With reference to the given snapshot, the given transaction is an example
of |
1 |
|
|
9 |
How to update the closing rate of exchange in Tally Prime? |
3 |
|
|
10 |
Tally Prime will calculate the forex exchange gain or loss if ________. |
2 |
|
S-02-T-A-C |
1 |
Who is the founder of Tally Solutions, the company behind Tally software? |
1 |
|
|
2 |
In which year was the first version of Tally accounting software
released? |
2 |
|
|
3 |
What is the primary purpose of Tally in accounting? |
4 |
|
|
4 |
How does Tally contribute to financial reporting in businesses? |
2 |
|
|
5 |
Why is Tally considered a valuable tool for accountants and financial
professionals? |
2 |
|
|
6 |
Which of the following statements is true regarding data accessibility in
Tally Prime and Tally.ERP 9? |
1 |
|
|
7 |
What significant feature does Tally Prime introduce to improve data
security compared to Tally.ERP 9? |
3 |
|
|
8 |
What is the primary reason for Tally Prime's introduction, despite the
existence of Tally.ERP 9? |
2 |
|
|
9 |
Which is the authenticated website to download the installation file for
Tally Prime? |
1 |
|
|
10 |
The tally installation file needs to be installed on each system. |
1 |
|
S-02 S-E-T |
1 |
The single-user version of the Tally license is also known as _________. |
3 |
|
|
2 |
The multi-user version of the Tally license is also known as _________. |
4 |
|
|
3 |
Under the Tally license, multiple users can access Tally within the same
LAN. |
4 |
|
|
4 |
What are the monthly rental charges (ex GST) for the silver edition of
the Tally license? |
2 |
|
|
5 |
What is the license cost (ex GST) for the Gold Edition perpetual version? |
3 |
|
|
6 |
___________ gives you full capability of Tally Prime, including upgrades
and TSS features, for the rental license duration. |
1 |
|
|
7 |
Post-installation of Tally Prime, one should select the ____________
option for first-time license activation. |
4 |
|
|
8 |
Which of the following is not related to license configuration in Tally
Prime? |
4 |
|
|
9 |
Which of the following options under the list of companies allows you to
enter the data path location manually? |
3 |
|
|
10 |
Which of the following options is not available under the list of
companies on starting Tally Prime? |
2 |
|
03. take a challenge |
1 |
While creating company data in Tally Prime, the company data path
location indicates ___________. |
3 |
|
2 |
Which of the following is the shortcut key to access configuration
options on a selected page in Tally Prime? |
3 |
|
|
3 |
Which of the following options encrypts the company data in Tally Prime? |
2 |
|
|
4 |
Which of the following options enables the user to track transaction
creation and alteration history? |
2 |
|
|
5 |
Which of the following options allows the user to set an administrator
login credential for company data? |
1 |
|
|
6 |
The Name and Mailing Name on the company creation page can be the same. |
1 |
|
|
7 |
The _____________________ is the display name in Tally Prime under the
list of companies. |
1 |
|
|
8 |
Which of the options is not available under the company creation page in
Tally Prime? |
4 |
|
|
9 |
The financial year starts at ___________. |
2 |
|
|
10 |
If the financial year beginning on April 1, 2023, is selected, then the
book beginning on April 1, 2023, can be ___________. |
4 |
|
|
session end test |
1 |
Which of the following options is mandatory to enter to create company
data in Tally Prime? |
1 |
|
2 |
What is the shortcut key to access the company alteration page from the
Gateway of Tally Prime? |
3 |
|
|
3 |
what is the shortcut key to access selected company in Tally Prime from
Gateway of Tally Prime? |
4 |
|
|
4 |
What is the first step to creating a new company in Tally Prime? |
4 |
|
|
5 |
Which type of information is not required when creating a new company in
Tally Prime? |
4 |
|
|
6 |
In Tally Prime, what is the significance of setting the financial year
start date when creating a company? |
2 |
|
|
7 |
What is the purpose of defining a currency in Tally Prime when creating a
company? |
3 |
|
|
8 |
What is the default currency symbol displayed when creating a company in
Tally Prime? |
2 |
|
|
9 |
Company data created in Tally can be deleted using the shortcut key ALT+D
at __________. |
3 |
|
|
10 |
Which of the following options is not available under the configuration
page while creating company data in Tally Prime? |
2 |
|
|
04. take a challenge |
1 |
In Tally Prime, which type of accounting master is used to record
information about individuals or organizations with whom the company has
financial transactions? |
3 |
|
2 |
What information is typically entered when creating a ledger in Tally
Prime? |
3 |
|
|
3 |
In Tally Prime, which master is used to categorize ledgers based on their
nature or function, such as income, expenses, assets, or liabilities? |
4 |
|
|
4 |
In Tally Prime, what is the purpose of creating a "Group"
master? |
3 |
|
|
5 |
Which of the options should be selected to create an accounting master in
Tally Prime? |
1 |
|
|
6 |
_____________ are collections of ledgers of the same nature. |
2 |
|
|
7 |
At the highest level, accounting groups are classified as __________. |
4 |
|
|
8 |
Tally Prime contains _________ pre-defined accounting groups. |
2 |
|
|
9 |
Pre-defined accounting groups contain 15 primary accounting groups and 13
subgroups. |
1 |
|
|
10 |
Which of the following accounting subgroups is not part of the current
assets group? |
2 |
|
|
session end test |
1 |
Primary Accounting Group contains the _____________ subgroup in Tally
Prime. |
4 |
|
2 |
Accounting subgroup provision is a subgroup of ______________. |
2 |
|
|
3 |
A new subgroup created as "Factory Overheads" should be
subgrouped under _________. |
3 |
|
|
4 |
An accounting group of subgroup can be deleted if ____________. |
4 |
|
|
5 |
Where can the user verify all the masters created in Tally data? |
4 |
|
|
6 |
___________ is the actual account head to identify your transaction and
is used in all accounting vouchers. |
1 |
|
|
7 |
There are two pre-defined accounting ledgers in the company data name as
cash in hand and ___________. |
3 |
|
|
8 |
Which of the following ledgers cannot be deleted in Tally Prime? |
4 |
|
|
9 |
The salary expenses ledger should be grouped under ___________. |
1 |
|
|
10 |
The company's bank account ledger should be grouped under _______. |
3 |
|
|
05. take a challenge |
1 |
Which accounting master in Tally Prime is used to record information
about inventory items, including their description, unit of measurement, and
rate? |
3 |
|
2 |
_____________ offers a parallel classification of stock items in Tally
data. |
2 |
|
|
3 |
A user can define a stock group as well as a stock category at the same
time while creating a stock item master in Tally. |
1 |
|
|
4 |
___________ is used to measure stock item quantity in Tally Prime. |
2 |
|
|
5 |
A unit of measurement can be set as ____________. |
3 |
|
|
6 |
1 dozen = 12 Nos is an example of ___________ UOM. |
2 |
|
|
7 |
Which of the masters is not related to the inventory master in Tally
Prime? |
4 |
|
|
8 |
What is a stock item in Tally Prime? |
2 |
|
|
9 |
What is the purpose of defining a stock group in Tally Prime? |
1 |
|
|
10 |
How can you set the opening stock balance for a stock item in Tally
Prime? |
1 |
|
|
session end test |
1 |
In Tally Prime, what is the purpose of the "Additional
Description" field when creating an inventory item? |
3 |
|
2 |
When creating an inventory item in Tally Prime, what is the purpose of
specifying the "Opening Balance"? |
2 |
|
|
3 |
What information is defined when creating a "Unit of
Measurement" master in Tally Prime? |
3 |
|
|
4 |
Which inventory master in Tally Prime allows users to categorize stock
items for better organization and reporting? |
2 |
|
|
5 |
What is an inventory master in Tally Prime primarily used for? |
3 |
|
|
6 |
In Tally Prime, which master is used to categorize inventory items into
broader classifications, such as "Raw Materials" or "Finished
Goods"? |
2 |
|
|
7 |
What information is typically entered when creating an inventory item in
Tally Prime? |
3 |
|
|
8 |
____________ is a location where physical stocks are stored. |
1 |
|
|
9 |
Godowns can be created under locations, but locations cannot be created
under Godown in Tally Prime. |
1 |
|
|
10 |
While creating a Godown or store location in Tally data, if the allow
storage of material option is set to NO, then master will behave as
_________. |
1 |
|
|
06. take a challenge |
1 |
In Tally Prime, what is the Chart of Accounts report primarily used for? |
4 |
|
2 |
The chart of accounts in Tally Prime is a one-stop repository to gain
information specific to all the masters. |
1 |
|
|
3 |
Which of the following letters can be used to access the chart of
accounts report from the Gateway of Tally? |
2 |
|
|
4 |
The user can access the multi-master creation alteration option under
_________ in Tally Prime. |
2 |
|
|
5 |
__________ in Tally Prime provides you with an index of a list of all
accounting masters created in the company data. |
4 |
|
|
6 |
The chart of accounts also displays masters altered or deleted if
________ is enabled in Tally Prime. |
3 |
|
|
7 |
Which of the following information cannot be found under the chart of
accounts in Tally Prime? |
2 |
|
|
8 |
In Tally Prime, vouchers are classified as _______. |
4 |
|
|
9 |
A _________ is a document that contains details of financial transactions
and is required for recording the same in the books of accounts. |
3 |
|
|
10 |
There are ___________ default voucher types available in Tally Prime. |
2 |
|
|
session end test |
1 |
Which of the vouchers should be used to record accounting adjustments in
Tally Prime? |
3 |
|
2 |
Which of the following is a payroll voucher? |
1 |
|
|
3 |
Which of the following is a non-accounting voucher? |
3 |
|
|
4 |
Which of the vouchers should be used to record payments from customers? |
2 |
|
|
5 |
Which of the vouchers should be used to record inventory adjustments in
Tally Prime? |
4 |
|
|
6 |
Which of the following is an inventory voucher? |
4 |
|
|
7 |
Which of the vouchers should be used to record stock differences in
books? |
2 |
|
|
8 |
In the Chart of Accounts report, what does a ledger's opening balance
represent? |
3 |
|
|
9 |
In Tally Prime, which voucher type is typically used for recording bank
transactions such as deposits and withdrawals? |
4 |
|
|
10 |
What is the purpose of creating custom voucher types in Tally Prime? |
3 |
|
|
07. TAKE A CHALLENGE |
1 |
To access the multi-master creation option in Tally, we should navigate
to _________. |
3 |
|
2 |
A list of multi-masters contains _________. |
4 |
|
|
3 |
Which of the ledgers should be grouped under direct expense? |
3 |
|
|
4 |
There is no need to define the opening balance of the ledger grouped
under _________. |
4 |
|
|
5 |
Computers and printers for business use should be grouped under
_________. |
2 |
|
|
6 |
Which of the following is a shortcut key to mark zero as the opening
balance for all ledgers under the multi-master alteration page? |
1 |
|
|
7 |
Which of the following ledgers should have an opening balance as a debit
balance? |
1 |
|
|
8 |
In Tally Prime, what does "multi-master" creation and
alteration refer to? |
2 |
|
|
9 |
What is the primary benefit of using multi-master creation and alteration
in Tally Prime? |
3 |
|
|
10 |
Which type of master data can be created or altered using the
multi-master feature in Tally Prime? |
4 |
|
|
session end test |
1 |
Which task can you NOT perform using the multi-master creation and
alteration feature in Tally Prime? |
3 |
|
2 |
__________ is a summary of all ledger balances. |
1 |
|
|
3 |
Which of the following is the correct navigation to access the Trial
Balance report in Tally Prime? |
4 |
|
|
4 |
Which of the following is the shortcut key to expand the trial balance in
detailed format? |
2 |
|
|
5 |
Which of the following key combinations is incorrect under the trial
balance report? |
4 |
|
|
6 |
Which of the following letters should be used to access the trial balance
report? |
1 |
|
|
7 |
Which of the following is the shortcut key to change the period under the
trial balance report? |
2 |
|
|
8 |
__________ is a periodic statement that shows the net result of business
operations for a specific period. |
2 |
|
|
9 |
All the expenses and income should be reported under ___________. |
2 |
|
|
10 |
Which of the following account groups is not part of the Profit &
Loss Account? |
4 |
|
|
08. TAKE A CHALLENGE |
1 |
____________ in Tally Prime provides a simple and effective way to record
financial transactions accurately and efficiently. |
1 |
|
2 |
A ____________ voucher in Tally is a virtual accounting tool to document
a cash transaction involving one or more banks, cash, or a deposit. |
3 |
|
|
3 |
Cash deposit into the company's bank account transaction to be recorded
under __________ voucher |
2 |
|
|
4 |
You can use the ________ voucher when the customer pays the amount
against the sales invoice. |
3 |
|
|
5 |
___________ voucher is used to account all the payments made by the
company in cash or by bank. |
1 |
|
|
6 |
Purchase transactions in a business can be classified as cash purchases
or ___________. |
4 |
|
|
7 |
Material supplied to customers to be recorded using the ___________ voucher
in Tally Prime |
2 |
|
|
8 |
Which of the following is the shortcut key to access receipt vouchers in
Tally Prime? |
2 |
|
|
9 |
Which of the following options can be configured under F12 in the receipt
voucher to update the bank details of the receipt transaction? |
3 |
|
|
10 |
How can a user create a ledger master from the transaction level in Tally
Prime? |
3 |
|
|
session end test |
1 |
Which of the following transactions should be recorded under the receipt
voucher? |
1 |
|
2 |
Which of the ledgers should be selected under Account (Debit) while
recording a receipt via cheque from the customer? |
3 |
|
|
3 |
What is the purpose of entering a narration in a payment and receipt
voucher? |
2 |
|
|
4 |
Bank allocation details help to update _________ about transactions. |
1 |
|
|
5 |
Identify the correct voucher to record the given transaction: "petty
cash expense incurred in business for Rs 2200/-." |
1 |
|
|
6 |
Identify the correct voucher to record the given transaction,
"Commission of Rs 500/- paid by the customer." |
1 |
|
|
7 |
Which of the following reports will display all the payment and receipt
vouchers recorded in the books? |
4 |
|
|
8 |
Which of the following is the shortcut key to accessing a payment voucher
in Tally Prime? |
1 |
|
|
9 |
What is a payment voucher in Tally Prime used for? |
1 |
|
|
10 |
In a Payment Voucher, which account is credited? |
2 |
|
|
09. TAKE A CHALLENGE |
1 |
What is the primary purpose of a Contra Voucher in accounting? |
3 |
|
2 |
In a Contra Voucher, which accounts are typically affected? |
3 |
|
|
3 |
Which of the following transactions can be recorded using a Contra
Voucher? |
2 |
|
|
4 |
What is the shortcut key to access the contra voucher in Tally Prime? |
1 |
|
|
5 |
Contra voucher is a/an ____________ |
1 |
|
|
6 |
Which of the following is an example of a contra voucher? |
4 |
|
|
7 |
Contra, Payment and Receipt vouchers can be recorded using the Dr, Cr,
and To, By formats in Tally Prime. |
1 |
|
|
8 |
Cash Denomination Information is generally needed in the case of _______. |
3 |
|
|
9 |
Which of the following is the shortcut key to change the voucher date in
the contra voucher? |
2 |
|
|
10 |
What is the primary purpose of a Journal Voucher in Tally Prime? |
3 |
|
|
session end test |
1 |
What is the primary purpose of a Journal Voucher in Tally Prime? |
3 |
|
2 |
Which report in Tally Prime provides a summary of all Journal Vouchers
entered during a specific period? |
4 |
|
|
3 |
What is the shortcut key to access journal vouchers in Tally Prime? |
1 |
|
|
4 |
Which of the following transactions should be recorded under the journal
voucher? |
4 |
|
|
5 |
Which of the following transactions is not to be recorded under the
journal voucher? |
4 |
|
|
6 |
Which of the following vouchers cannot be recorded under single-entry
mode in Tally Prime? |
3 |
|
|
7 |
Cash and Bank book reports can be extracted under __________ in Tally
Prime. |
1 |
|
|
8 |
The cash and bank book report in Tally Prime displays the closing balance
for all the ledgers grouped under __________. |
4 |
|
|
9 |
The bank credit card ledger should be grouped under _________. |
3 |
|
|
10 |
A bank ledger has a balance under the credit side in cash and bank
reports, which means ____________. |
3 |
|
|
10. TAKE A CHALLENGE |
1 |
The user cannot create a ledger master while recording a sales or
purchase transaction in Tally Prime. |
2 |
|
2 |
What is the shortcut key to access sales invoices in Tally? |
3 |
|
|
3 |
To record the supply of trading goods, which of the transactions is
suitable to use in Tally Prime? |
2 |
|
|
4 |
To update separate buyer and consignee details while recording sales
transactions, the user should enable the option at ___________. |
4 |
|
|
5 |
While recording sales transactions, the cursor is not moving to the date
field. What could be the reason? |
1 |
|
|
6 |
Which of the shortcuts is needed to alter any master while recording a
transaction in Tally Prime? |
1 |
|
|
7 |
Which of the following can be used to describe or provide additional
information about a stock item while recording a sales transaction? |
1 |
|
|
8 |
Which of the shortcut keys is used to access calculator while recording
transaction in Tally Prime? |
2 |
|
|
9 |
While recording inventory cash purchase, supplier details can be updated
_________. |
4 |
|
|
10 |
Education mode of Tally license allow you to record voucher dated on
_________. |
1 |
|
|
session end test |
1 |
What is the primary purpose of a Journal Voucher in Tally Prime? |
2 |
|
2 |
Which report in Tally Prime provides a summary of all Journal Vouchers
entered during a specific period? |
3 |
|
|
3 |
What is the shortcut key to access journal vouchers in Tally Prime? |
3 |
|
|
4 |
Which of the following transactions should be recorded under the journal
voucher? |
2 |
|
|
5 |
Which of the following transactions is not to be recorded under the
journal voucher? |
2 |
|
|
6 |
Which of the following vouchers cannot be recorded under single-entry
mode in Tally Prime? |
3 |
|
|
7 |
Cash and Bank book reports can be extracted under __________ in Tally
Prime. |
2 |
|
|
8 |
The cash and bank book report in Tally Prime displays the closing balance
for all the ledgers grouped under __________. |
3 |
|
|
9 |
The bank credit card ledger should be grouped under _________. |
2 |
|
|
10 |
A bank ledger has a balance under the credit side in cash and bank
reports, which means ____________. |
3 |
|
|
11. TAKE A CHALLENGE |
1 |
What is the primary purpose of a Purchase Voucher in Tally Prime? |
2 |
|
2 |
In a Purchase Voucher, which account is debited? |
2 |
|
|
3 |
What information is typically recorded in a Purchase Voucher? |
3 |
|
|
4 |
In a Purchase Voucher, what is the purpose of the "Party's A/c
Name" field? |
2 |
|
|
5 |
Which of the bill references should be selected while recording a fresh
purchase invoice? |
4 |
|
|
6 |
Under _________, no credit days are extended by supplied under purchase. |
2 |
|
|
7 |
A cash purchase occurs when a business pays for goods or services
immediately upon ordering or delivery. |
3 |
|
|
8 |
Which of the following is the shortcut key to access the purchase
voucher? |
2 |
|
|
9 |
A purchase invoice can be recorded under _______. |
4 |
|
|
10 |
Purchase of trading stock item should be recorded under ________ in Tally
Prime. |
4 |
|
|
session end test |
1 |
While recording the purchase of material in the tally quantity column is
not appearing, the reason is _________. |
2 |
|
2 |
Which of the shortcut keys should be used under purchase or sales invoice
to record transactions in voucher mode? |
4 |
|
|
3 |
Which of the following transactions is a cash purchase transaction? |
2 |
|
|
4 |
The supplier invoice date and purchase voucher date should be the same
while recording the purchase transaction. |
3 |
|
|
5 |
In a transaction, the buyer provides the full payment at the time of the
transaction, and the seller receives the cash delivery. |
4 |
|
|
6 |
Which of the following ledgers should be selected under the party account
while recording cash sales transactions in Tally Prime? |
3 |
|
|
7 |
Service revenue sales invoices should be recorded under _________. |
1 |
|
|
8 |
Which of the ledgers should be debited while recording credit sales
transactions? |
4 |
|
|
9 |
While recording sales and purchase invoices, party details information
can be activated using ___________. |
3 |
|
|
10 |
A sales invoice recorded using debit credit format is also called
__________. |
1 |
|
|
12. TAKE A CHALLENGE |
1 |
What is a debit note in accounting? |
2 |
|
2 |
When is a debit note typically issued? |
2 |
|
|
3 |
Which of the following is the primary purpose of a debit note? |
3 |
|
|
4 |
In a debit note, which account is typically debited? |
2 |
|
|
5 |
What is the effect of a debit note on the recipient's financial records? |
1 |
|
|
6 |
Which type of transaction is not typically associated with a debit note? |
3 |
|
|
7 |
What information is commonly included in a debit note? |
1 |
|
|
8 |
In accounting, a debit note is often used in conjunction with which other
document? |
1 |
|
|
9 |
What is the purpose of the "Reason for Debit Note" field in a
debit note document? |
2 |
|
|
10 |
Which party usually initiates the issuance of a debit note in a business
transaction? |
2 |
|
|
session end test |
1 |
What is the shortcut key to access a debit note voucher in Tally Prime? |
1 |
|
2 |
How to activate a Debit note voucher in Tally Prime? |
3 |
|
|
3 |
A debit note voucher can be recorded under _____. |
4 |
|
|
4 |
Dispatch details and information under the debit and credit note voucher
can be activated at ________. |
2 |
|
|
5 |
In accounting, a credit note is often used in conjunction with which
other document? |
2 |
|
|
6 |
What is the purpose of the "Reason for Credit Note" field in a
credit note document? |
2 |
|
|
7 |
What is the shortcut key to access a credit note voucher in Tally Prime? |
2 |
|
|
8 |
How to activate a credit note voucher in Tally Prime? |
3 |
|
|
9 |
Which party usually initiates the issuance of a credit note in a business
transaction? |
2 |
|
|
10 |
What information is commonly included in a credit note? |
1 |
|
|
13. TAKE A CHALLENGE |
1 |
Financial Statement Reports includes ________. |
4 |
|
2 |
Which financial statement provides a snapshot of a company's financial
position at a specific point in time? |
3 |
|
|
3 |
What does the Income Statement (Profit and Loss Statement) report? |
3 |
|
|
4 |
Which of the following statements displays the liabilities and assets of
the business for a specific period? |
2 |
|
|
5 |
Which of the following statements displays business net profit for the
year? |
1 |
|
|
6 |
Which of the following is not one of the main financial statements
typically prepared by a company? |
4 |
|
|
7 |
What is the primary purpose of financial statements in accounting? |
2 |
|
|
8 |
How to access the balance sheet report in Tally Prime? |
4 |
|
|
9 |
How to access the profit and loss statement in Tally Prime? |
4 |
|
|
10 |
How to access the trial balance report in Tally Prime? |
1 |
|
|
session end test |
1 |
Identify the incorrect pair of shortcut keys under the trial balance
report. |
2 |
|
2 |
Which of the following options can be used to view details in the format
of a trial balance report? |
3 |
|
|
3 |
Which of the following is typically considered an income item on a Profit
and Loss Statement? |
3 |
|
|
4 |
What is the primary purpose of a Profit and Loss Statement (Income
Statement) in accounting? |
2 |
|
|
5 |
What does a positive net income on a Profit and Loss Statement indicate? |
3 |
|
|
6 |
What is the primary purpose of a Balance Sheet in accounting? |
2 |
|
|
7 |
On a Balance Sheet, which section typically includes items such as cash,
accounts receivable, and inventory? |
3 |
|
|
8 |
What is the primary purpose of a Trial Balance in accounting? |
3 |
|
|
9 |
In a Trial Balance, if the total debits and total credits are equal, what
does it indicate? |
1 |
|
|
10 |
Which of the following accounting group balances will appear on the debit
side of the trial balance? |
4 |
|
|
14. TAKE A CHALLENGE |
1 |
Which of the following reports in Tally Prime displays all the voucher
transactions recorded in the books of accounts for the specified period? |
2 |
|
2 |
Which of the following keys is not available under the daybook report in
Tally Prime? |
4 |
|
|
3 |
Which of the options should be used to view the daybook report for a
specified voucher in Tally Prime? |
2 |
|
|
4 |
A daybook report in Tally Prime can be exported in __________ format. |
4 |
|
|
5 |
Press ________ to export the financial report in Tally Prime. |
1 |
|
|
6 |
Press _______ to print the report and voucher in Tally Prime. |
2 |
|
|
7 |
How to extract sales registers in Tally Prime? |
4 |
|
|
8 |
Which of the shortcut key buttons will you use to generate a columnar sales
register? |
1 |
|
|
9 |
What is the Sales Register in Tally Prime used for? |
2 |
|
|
10 |
In the Sales Register, what information is typically displayed? |
3 |
|
|
session end test |
1 |
Which of the following shortcut keys will you use to cancel a voucher in
Tally Prime? |
1 |
|
2 |
Which of the following shortcut keys will you use to delete a voucher in
Tally Prime? |
2 |
|
|
3 |
Which of the following shortcut keys will you use to add a voucher to the
daybook report in Tally Prime? |
3 |
|
|
4 |
Which of the following shortcut keys will you use to insert a voucher in
the daybook report in Tally Prime? |
1 |
|
|
5 |
Where can you access the Sales Register in Tally Prime? |
4 |
|
|
6 |
Which types of transactions are found in the Sales Register? |
3 |
|
|
7 |
How does the Columnar Sales Register differ from the regular Sales
Register in Tally Prime? |
2 |
|
|
8 |
In the Columnar Sales Register, what types of sales transactions are
typically recorded in separate columns? |
2 |
|
|
9 |
In the Cash and Bank Report, which column typically displays the closing
balance for each cash or bank account? |
4 |
|
|
10 |
How to view the edit log of a transaction in Tally Data? |
2 |
|
|
16. TAKE A CHALLENGE |
1 |
What are the benefits of maintaining the bill-wise feature in Tally
Prime? |
4 |
|
2 |
The enable billwise feature option is generally applicable to ______. |
3 |
|
|
3 |
There are a total of __________ different types of bill references
available in Tally Prime. |
2 |
|
|
4 |
While recording a sales or purchase invoice, we should select
____________ as a bill reference. |
1 |
|
|
5 |
Against bill reference is generally used to _________. |
2 |
|
|
6 |
When billwise reference details are not applicable or available, the user
should use ___________. |
3 |
|
|
7 |
Which of the billwise references should be avoided to extract the
complete billwise outstanding balance? |
3 |
|
|
8 |
Which of the following bill-wise references should be used to make
payment against the sales invoice? |
2 |
|
|
9 |
The billwise feature is activated by default under the company's F11
feature. |
1 |
|
|
10 |
The Billwise feature can also be activated for non-trading accounts in
Tally Prime. |
1 |
|
|
session end test |
1 |
How can you mark a bill as 'Paid' in Tally Prime when a payment is
received? |
3 |
|
2 |
Which types of transactions can be linked using bill references in Tally
Prime? |
3 |
|
|
3 |
In Tally Prime, what is a bill reference used for? |
3 |
|
|
4 |
What is the purpose of the bill-wise feature in Tally Prime? |
2 |
|
|
5 |
Credit days offered to customers can be set at _________. |
4 |
|
|
6 |
Billwise feature applicable to __________ ledger |
3 |
|
|
7 |
Which module in Tally Prime allows you to access bill-wise features? |
1 |
|
|
8 |
The default credit period option under the Sundry debtor ledger allows
for the setting of ________. |
2 |
|
|
9 |
The billwise feature is applicable in the case of __________. |
2 |
|
|
10 |
While recording a sales invoice, if the billwise feature does not appear,
it means _________. |
4 |
|
|
17. TAKE A CHALLENGE |
1 |
The user can select multiple bill references under bill allocation while
recording receipt transactions. |
1 |
|
2 |
Press ______ to view the age-wise outstanding report under the bill-wise
ledger report. |
2 |
|
|
3 |
How will you view bill-wise details under the party ledger report in
Tally Prime? |
4 |
|
|
4 |
Which of the following bill references should be used while recording
payment or receipt against the outstanding balance? |
4 |
|
|
5 |
Which of the following is not a bill reference in Tally Prime? |
3 |
|
|
6 |
Which of the following options should be used to configure bill-wise
detail for non-trading account ledgers in Tally Prime? |
3 |
|
|
7 |
Invoices raised with on-account bill references will be displayed under
___________. |
4 |
|
|
8 |
The invoice booked from the supplier will be reported under ________. |
2 |
|
|
9 |
Invoices raised with customers will be reported under __________. |
1 |
|
|
10 |
An advance receipt from the customer will be displayed under ___________. |
2 |
|
|
session end test |
1 |
Default bills payable report display _________ |
4 |
|
2 |
How will you view all bills, including pending and cleared bills and
reports, under the bills payable and receivable report? |
1 |
|
|
3 |
An age-wise outstanding report will not be generated if vouchers are
recorded using _____________. |
3 |
|
|
4 |
Press ______ to view the ledger bill-wise report under the bill
receivable report. |
2 |
|
|
5 |
Default bill receivable report display ______ |
4 |
|
|
6 |
Payables report under outstanding report include information ___________. |
3 |
|
|
7 |
The receivable report under the outstanding report includes information
__________. |
3 |
|
|
8 |
Outstanding reports in Tally Prime contain ________. |
4 |
|
|
9 |
Which of the following aging methods can be configured under the
outstanding report in Tally Prime? |
3 |
|
|
10 |
Press _________ to settle and adjust the outstanding bill from the
outstanding ledger report in Tally Prime. |
2 |
|
|
18.TAKE A CHALLENGE |
1 |
Which of the following is not a banking transaction in Tally Prime? ? |
4 |
|
2 |
Banking utilities in Tally Prime is/are ___________. |
4 |
|
|
3 |
The _________ feature in Tally Prime facilitates maintaining and
recording business financial transactions. |
3 |
|
|
4 |
What does the "Bank Allocation" feature in Tally Prime allow
you to do? |
2 |
|
|
5 |
Which Tally Prime report provides an overview of all banking
transactions, including deposits and withdrawals? |
3 |
|
|
6 |
How can you record a bank deposit in Tally Prime? |
4 |
|
|
7 |
What is the purpose of configuring bank details in Tally Prime's banking
feature? |
2 |
|
|
8 |
In Tally Prime, what type of transactions can you record using the
banking feature? |
3 |
|
|
9 |
Which module in Tally Prime allows you to access the banking features? |
1 |
|
|
10 |
What is the primary purpose of the banking feature in Tally Prime? |
3 |
|
|
session end test |
1 |
The bank allocation screen will not appear for __________. |
2 |
|
2 |
If the default bank allocation option is set to Yes under the F12
configuration, then __________. |
3 |
|
|
3 |
Which of the following ledgers may have a negative balance? |
3 |
|
|
4 |
The Bank Overdraft Account group is a subgroup of _________. |
3 |
|
|
5 |
The bank ledger account should be grouped under ___________. |
2 |
|
|
6 |
Bank cheque book details can be updated using __________ under bank
ledger creation or alteration. |
1 |
|
|
7 |
Which of the information is not applicable to the bank ledger account in
Tally Prime? |
3 |
|
|
8 |
Which of the following information should be entered while creating a
bank ledger in Tally Prime? |
4 |
|
|
9 |
Press Letter ________ to access the banking feature in Tally Prime. |
3 |
|
|
10 |
Banking transaction mode is supported in Tally Prime. |
4 |
|
|
19. take a challenge |
1 |
With reference to the given snapshot, identify the incorrect statement. |
4 |
|
2 |
With reference to the given snapshot, this is a __________ transaction. |
4 |
|
|
3 |
With reference to the given snapshot, supplier detail information is
updated at |
2 |
|
|
4 |
With reference to the given snapshot, what is the available balance under
the bank ledger? |
1 |
|
|
5 |
With reference to the given transaction snapshot, this is a _______
transaction. |
2 |
|
|
6 |
Which of the options under the displayed page will be used to update the
contact information in the ledger? |
3 |
|
|
7 |
Which of the options will help to configure the printing of cheque for
payment transactions in Tally Prime? |
2 |
|
|
8 |
Which of the pages is displayed in the given Tally Prime Snapshot? |
1 |
|
|
9 |
The banking menu option on the Gateway of Tally serves _______. |
4 |
|
|
10 |
What should be the transaction mode to print a cheque for a payment
voucher in Tally Prime? |
3 |
|
|
session end test |
1 |
How will you access cheque printing reports in Tally Prime? |
2 |
|
2 |
With reference to the given snapshot, the cheque book range is configured
at ___________. |
1 |
|
|
3 |
With reference to the given snapshot, identify the incorrect statement: |
4 |
|
|
4 |
Press ________ to zoom print preview in Tally Prime. |
3 |
|
|
5 |
With reference to the given snapshot, how will you preview the cheque
printing as per the configuration details? |
2 |
|
|
6 |
With reference to the given snapshot, the displayed page is __________. |
3 |
|
|
7 |
With reference to the given snapshot, identify the incorrect statement. |
3 |
|
|
8 |
With reference to the given snapshot, interest receipt transactions are
recorded under ___________. |
2 |
|
|
9 |
With reference to the given snapshot, the interest amount will be posted
to ___________. |
4 |
|
|
10 |
How will you access cheque printing reports in Tally Prime? |
1 |
|
|
20. take a challenge |
1 |
________ helps you manage your cheque books for various banking
transactions. |
1 |
|
2 |
With reference to the given snapshot, press ______ to change vendor
master for payment advice. |
3 |
|
|
3 |
With reference to the given snapshot, the displayed page is __________. |
1 |
|
|
4 |
How would you access the payment advice report in Tally Prime? |
2 |
|
|
5 |
Payment advice is generally applicable in the case of _________. |
3 |
|
|
6 |
___________ copy is an acknowledgement document for payments made to
suppliers or any other parties. |
1 |
|
|
7 |
What is the primary purpose of creating payment advice in Tally Prime? |
3 |
|
|
8 |
What information is typically included on a printed payment advice note
using Tally Prime's payment advice feature? |
2 |
|
|
9 |
In Tally Prime, what is the purpose of the "Payment Advice
Register" report? |
2 |
|
|
10 |
Which type of businesses or organizations can benefit the most from using
the payment advice feature in Tally Prime? |
4 |
|
|
session end test |
1 |
What is the primary purpose of a deposit slip? |
3 |
|
2 |
With reference to the given snapshot, press _____ to change the cheque
range. |
1 |
|
|
3 |
With reference to the given snapshot, press _____ to file a status-wise
cheque report. |
1 |
|
|
4 |
With reference to the given snapshot, press _____ to change the status of
the cheque. |
2 |
|
|
5 |
With reference to the given snapshot, the displayed report is __________. |
2 |
|
|
6 |
What does the "Cheque Range" option in the cheque register
report allow you to specify? |
2 |
|
|
7 |
In Tally Prime, what is the primary benefit of using the cheque register
report? |
3 |
|
|
8 |
What does the "Cheque Status" column in the cheque register
report indicate? |
3 |
|
|
9 |
What is the primary purpose of the cheque register report in accounting? |
4 |
|
|
10 |
The cheque register report in Tally Prime displays __________. |
4 |
|
|
21. take a challenge |
1 |
Which of the following is the key combination for Pound Sterling in Tally
Prime? |
2 |
|
2 |
Which of the following is the key combination for the US dollar in Tally
Prime? |
3 |
|
|
3 |
Unrealized gain or loss amount to be reported at _________ |
1 |
|
|
4 |
_______ amount is the amount that needs to be reported based on the
closing rate of exchange for an invoice not settled within the financial
year. |
2 |
|
|
5 |
Realized gain or loss is the amount of gain or loss that arises from a
transaction __________. |
1 |
|
|
6 |
Due to fluctuations in the rate of exchange, a business may incur
________ on foreign currency transactions. |
3 |
|
|
7 |
________ is the rate at which base currency is traded with foreign
currency. |
3 |
|
|
8 |
________ refers to financial transactions in one or more foreign
currencies. |
1 |
|
|
9 |
________ is the currency in which books of accounts are maintained and
reported in Tally Prime. |
2 |
|
|
|
10 |
Multi-Currency Feature is a\an __________ in Tally Prime. |
1 |
|
session end test |
1 |
The rate of exchange may increase or decrease based on the global
economy. |
1 |
|
2 |
What is the primary purpose of the multi-currency feature in Tally Prime? |
3 |
|
|
3 |
Which of the following vouchers should be used to record exchange gain or
loss transactions? |
2 |
|
|
4 |
A multi-currency transaction should be used in the case of _________. |
3 |
|
|
5 |
If 1 unit of product is being sold for $12 with a rate of exchange of 85
Rs/$, then what will be the total invoice value in INR for 15 units sold? |
2 |
|
|
6 |
Which of the configurations is mandatory to compute multi-currency
exchange gain or loss in Tally Prime? |
4 |
|
|
7 |
A word representing the amount after decimal places in the case of INR is
___________. |
1 |
|
|
8 |
Which of the following is the base currency for a company created in the
state of Maharashtra? |
3 |
|
|
9 |
How to activate the multi-currency feature in Tally Prime? |
3 |
|
|
10 |
Which of the following is the key combination for Euro in Tally Prime? |
1 |
|
|
22. TAKE A CHALLENGE |
1 |
Which of the following transactions is an example of a forex gain
transaction? |
2 |
|
2 |
Which of the following transactions is an example of a forex loss
transaction? |
1 |
|
|
3 |
If the rate of exchange is higher as compared to the export invoice, then
there would be __________. |
1 |
|
|
4 |
How would you record the forex exchange gain or loss amount in Tally
Prime? |
2 |
|
|
5 |
The forex exchange gain or loss voucher class should be configured under
_________. |
3 |
|
|
6 |
With reference to the given snapshot, Identify the incorrect statement. |
1 |
|
|
7 |
With reference to the given snapshot, what is the balance amount payable
to Mylo Textiles Inc.? |
4 |
|
|
8 |
With reference to the given snapshot, what is the due date of the invoice
reference selected in the transaction? |
3 |
|
|
9 |
With reference to the given snapshot, what is the rate of exchange? |
2 |
|
|
10 |
With reference to the given snapshot, the recorded payment voucher is
_________ . |
1 |
|
|
session end test |
1 |
Outstanding reports in Tally Prime can generate outstanding bills in
foreign currency. |
1 |
|
2 |
With reference to the given snapshot, what is forex gain on unrealized
value? |
4 |
|
|
3 |
With reference to the given snapshot, what is the forex gain on realized
value? |
2 |
|
|
4 |
With reference to the given snapshot, as per the given transaction, what
is the closing balance? |
3 |
|
|
5 |
With reference to the given snapshot, the given ledger report can be
displayed in foreign currency by using the key button __________. |
3 |
|
|
6 |
With reference to the given snapshot, if $250 remains unpaid as of March
31st with a closing rate of exchange of Rs81.10/$, then what would be the
unrealized gain or loss? |
1 |
|
|
7 |
With reference to the given snapshot, if $500 was received at Rs 80.95/$
dated March 26, 2023, against the given invoice, then what would be realized
again, or the loss amount? |
1 |
|
|
8 |
With reference to the given snapshot, the given transaction is an example
of ____________. |
1 |
|
|
9 |
How to update the closing rate of exchange in Tally Prime? |
1 |
|
|
10 |
Tally Prime will calculate the forex exchange gain or loss if ________. |
4 |
|
|
23. TAKE A CHALLENGE |
1 |
How does Tally Prime handle inventory updates when a purchase order is
received and a Goods Receipt Note (GRN) is recorded? |
3 |
|
2 |
In the Purchase Order Cycle, what is the significance of the
"Supplier Ledger"? |
1 |
|
|
3 |
Which Tally Prime report allows you to track the status of purchase
orders, including pending and completed orders? |
2 |
|
|
4 |
In the Purchase Order Cycle, what is the purpose of the "Goods
Receipt Note" (GRN) in Tally Prime? |
3 |
|
|
5 |
What information is typically included in a purchase order created in
Tally Prime? |
2 |
|
|
6 |
Which of the vouchers should be used for material returns against the
purchase invoice? |
2 |
|
|
7 |
Which of the vouchers is to be recorded after the receipt note? |
4 |
|
|
8 |
Which of the vouchers is to be recorded after the purchase order? |
1 |
|
|
9 |
Which of the following is the first step in the Purchase Order Cycle in
Tally Prime? |
2 |
|
|
10 |
In Tally Prime, what is the primary purpose of the Purchase Order (PO)
module? |
3 |
|
|
session end test |
1 |
Purchase order numbers get automatically generated based on purchase
order voucher numbers, which can be altered by the user while recording the
purchase order in Tally Prime. |
1 |
|
2 |
A purchase order voucher can be accessed using _________. |
3 |
|
|
3 |
Which of the following key combinations should be used to access the
purchase order voucher in Tally Priem? |
2 |
|
|
4 |
Which of the vouchers is not applicable to the purchase order voucher? |
4 |
|
|
5 |
Which of the vouchers should be recorded if material is rejected against
the receipt note? |
4 |
|
|
6 |
Purchase order feature is a\an __________ feature |
1 |
|
|
7 |
Purchase order cycle in Tally Prime start with _________ |
4 |
|
|
8 |
Which of the following is not part of the purchase order cycle? |
2 |
|
|
9 |
The Goods Receipt Note number (GRN) is generally used to _________. |
2 |
|
|
10 |
The purchase order number is generally used to __________. |
|
|
|
24. TAKE A CHALLENGE |
1 |
Under the purchase order cycle, the receipt note voucher can be skipped,
and the purchase invoice can be raised directly. |
1 |
|
2 |
If the supplier is unable to deliver material against the purchase order,
the buyer can __________. |
1 |
|
|
3 |
Purchas Order books display __________. |
2 |
|
|
4 |
Under the purchase order cycle, the supplier ledger does not get affected
until ___________. |
1 |
|
|
5 |
Which of the legal documents is sent by the buyer to the supplier for the
procurement of material? |
4 |
|
|
6 |
__________ is placed by a business entity with a supplier for delivery of
certain goods at a given price and time. |
3 |
|
|
7 |
Which of the keys should be used to access other vouchers in Tally Prime? |
3 |
|
|
8 |
Material dispatched by the supplier against the purchase order should be
recorded under ________. |
2 |
|
|
9 |
Which of the key combinations should be used to access the receipt note
voucher in Tally Prime? |
1 |
|
|
10 |
Which of the key combinations should be used to access the rejection-out
voucher? |
2 |
|
|
|
1 |
The default purchase order outstanding report displays all the pending
orders based on selected data in Tally Prime. |
1 |
|
|
2 |
Who drafts the purchase order? |
2 |
|
|
3 |
Once materials are received and approved against the purchase order, the
buyer should record _________. |
1 |
|
|
4 |
Under the purchase order cycle, the profit and loss statement displays
purchase bills to come until _______________. |
1 |
|
|
5 |
Which of the following voucher types is not part of the purchase order
cycle in Tally Prime? |
4 |
|
|
6 |
Which of the following affects accounting as well as inventory report in
Tally Prime? |
4 |
|
|
7 |
Rejection out voucher should be recorded after _________. |
3 |
|
|
8 |
A debit note voucher should be recorded after _________. |
4 |
|
|
9 |
A cleared and closed purchase will not be displayed under the purchase
order outstanding report until __________. |
1 |
|
|
10 |
Which of the shortcuts should be used to mark an order as preclosed under
the order outstanding report? |
2 |
|
25. TAKE A CHALLENGE |
1 |
The tracking number is generally used in __________ to track sales order
vouchers. |
2 |
|
2 |
Once the sales order is recorded in the books of accounts, the supplier
prepares the delivery of the material with ____________. |
2 |
|
|
3 |
The sales order voucher in Tally Prime includes _________. |
4 |
|
|
4 |
The sales order cycle starts with ___________ in Tally Prime. |
1 |
|
|
5 |
Under the sales order, materials are dispatched by ___________. |
2 |
|
|
6 |
Generally, a sales order is raised based on _______ raised by the buyer. |
2 |
|
|
7 |
Which of the following is not a component of a sales order? |
4 |
|
|
8 |
A sales order document contains ___________. |
4 |
|
|
9 |
_________ is generated by the seller of goods, specifying details of the
product or services ordered by the customer. |
1 |
|
|
10 |
A sales order is generated by _________. |
2 |
|
|
session end test |
1 |
A sales order voucher can be accessed using _________. |
3 |
|
2 |
Godown location: "Any Godown" can be selected under __________. |
1 |
|
|
3 |
The sales order feature is a/an ____________ in Tally Prime. |
2 |
|
|
4 |
Which of the following vouchers is not part of the sales order cycle in
Tally Prime? |
2 |
|
|
5 |
The buyer-receivable amount after completion of the sales order should be
settled with _________. |
2 |
|
|
6 |
If a customer returns material after delivery, the seller must record
__________. |
1 |
|
|
7 |
If materials are returned by the customer post-sales invoice, the seller
should record _________. |
2 |
|
|
8 |
Once material is supplied and approved by the buyer, the seller should
record __________. |
2 |
|
|
9 |
Rejection Out voucher recorded by buyer, whereas rejection in voucher
recorded by _________ |
2 |
|
|
10 |
If materials supplied to the buyer are rejected by the buyer, then the
seller will record _______. |
1 |
|
|
Session-No |
Q.N |
Quaction |
1 |
|
26 - Take-A-Challenge |
1 |
The delivery note voucher should be used against __________. |
1 |
|
2 |
Which of the following vouchers does not affect inventory in books? |
1 |
|
|
3 |
To view all cleared sales orders under the outstanding sales order
report, use _______. |
1 |
|
|
4 |
A sales order can be pre-closed using the shortcut key _______. |
2 |
|
|
5 |
All orders reported under the sales order outstanding report display
____________. |
2 |
|
|
6 |
Sales Order Outstanding report includes __________. |
4 |
|
|
7 |
Which of the vouchers will not change the inventory balance in the books
of accounts? |
1 |
|
|
8 |
Sales invoices use ____________ to auto-fetch order details in Tally
Prime. |
1 |
|
|
9 |
Rejection In Voucher should be recorded after _________. |
2 |
|
|
10 |
Which of the following shortcuts is key to access Rejection In Voucher? |
2 |
|
|
26-Session
End Test |
1 |
A pre-closed sales order can be re-opened in Tally Prime. |
1 |
|
2 |
If the sales order quantity for a product is 100 and the material
delivered is 90, then the order will be treated as __________. |
3 |
|
|
3 |
Press ___________to apply the filter under the sales order outstanding
report. |
2 |
|
|
4 |
Inventory books report in Taly Prime includes ___________. |
4 |
|
|
5 |
While recording rejection in the voucher against the delivery note, it is
important to use ______________ to update the order details |
2 |
|
|
6 |
While pre-closing the sales order, the user should update ___________. |
4 |
|
|
7 |
Once a delivery note is recorded against the sales order ___________. |
4 |
|
|
8 |
The billwise allocation option is applicable to __________. |
4 |
|
|
9 |
A sales order voucher can be activated at ___________. |
3 |
|
|
10 |
Which of the following vouchers is activated by default in Tally Prime? |
4 |
|
|
27 - Take-A-Challenge |
1 |
In Tally Prime, what is the purpose of the 'Dispatch Through' field in a
Delivery Note? |
1 |
|
2 |
Which of the vouchers should be used to dispatch materials against the
sales order? |
1 |
|
|
3 |
When is a Delivery Note typically generated in Tally Prime? |
3 |
|
|
4 |
In Tally Prime, what happens when you create a Delivery Note for a Sales
Order? |
3 |
|
|
5 |
What is the primary purpose of a Delivery Note in Tally Prime? |
3 |
|
|
6 |
What is a Delivery Note in Tally Prime? |
3 |
|
|
7 |
What is a Sales Order in Tally Prime? |
2 |
|
|
8 |
What is the purpose of a Sales Order in Tally Prime? |
2 |
|
|
9 |
Which type of Sales Order in Tally Prime is used when goods are
immediately delivered to the customer without waiting for a formal order? |
3 |
|
|
10 |
What is the significance of a 'Delivery Note' in the context of a Sales
Order in Tally Prime? |
2 |
|
|
27-Session
End Test |
1 |
Which of the following pairs is incorrect? |
3 |
|
2 |
Identify the incorrect pair from the following options. |
3 |
|
|
3 |
If the closing stock balance for product A is 100 Qty and the sales order
is placed for 120 Qty. In the given case ___________. |
2 |
|
|
4 |
What is the primary purpose of a Stock Transfer Voucher in Tally Prime? |
3 |
|
|
5 |
Which of the following vouchers is not part of the purchase order cycle? |
3 |
|
|
6 |
Which of the following vouchers is not part of the sales order cycle? |
2 |
|
|
7 |
Which of the following vouchers is not part of the order cycle in Tally
Prime? |
4 |
|
|
8 |
Which of the following keys should be used to access the stock journal
voucher? |
2 |
|
|
9 |
Which of the vouchers should be used to transfer material from one Godown
to another Godown? |
2 |
|
|
10 |
What is the key information that must be included in a Delivery Note in
Tally Prime? |
3 |
|
|
28 - Take-A-Challenge |
1 |
Which method of stock valuation assumes that the cost of the first items
added to inventory is the cost of the first items sold? |
2 |
|
2 |
Why do we need stock valuations? |
4 |
|
|
3 |
Inventory valuation is applicable to ___________. |
4 |
|
|
4 |
___________ is the process to determine the cost associated with an
entity's inventory at the end of a reporting period. |
1 |
|
|
5 |
What is the primary drawback of using the LIFO method for stock valuation
in Tally Prime? |
1 |
|
|
6 |
In Tally Prime, which financial statement is directly impacted by the
valuation of closing stock? |
1 |
|
|
7 |
How does Tally Prime handle stock valuation when using the Weighted
Average method? |
1 |
|
|
8 |
Which report in Tally Prime provides a summary of stock valuation and the
value of closing stock? |
3 |
|
|
9 |
In Tally Prime, where can you set the preferred stock valuation method
for your business? |
3 |
|
|
10 |
What is stock valuation in Tally Prime? |
2 |
|
|
28-Session
End Test |
1 |
Press _________ to change the method of stock valuation in the stock
summary report in Tally Prime. |
2 |
|
2 |
Under which method can the stock valuation closing rate of stock items be
entered manually? |
4 |
|
|
3 |
Under which method of stock valuation are closing stocks valued at their
last purchase price? |
3 |
|
|
4 |
What does the "Valuation Type" field in Tally Prime represent
when dealing with stock valuation? |
3 |
|
|
5 |
Under which method of stock valuation does stock come first consumed as
last? |
4 |
|
|
6 |
Which of the following costing methods is suitable for perishable stock
items? |
2 |
|
|
7 |
Which of the following costing methods is not available in Tally Prime? |
4 |
|
|
8 |
Stock valuation method to be selected at ________ |
3 |
|
|
9 |
Which stock valuation method assumes that the cost of the most recently
acquired items is the cost of the items sold first? |
1 |
|
|
10 |
What is the primary benefit of using the FIFO method for stock valuation? |
2 |
|
|
29 - Take-A-Challenge |
1 |
Multiple subgodowns can be created in Tally Prime under the main
location. |
1 |
|
2 |
A good purchase from outside India is called a ________ transaction. |
2 |
|
|
3 |
Which of the ledger accounts is not part of the balance sheet? |
4 |
|
|
4 |
Net Profit is the result of ________. |
1 |
|
|
5 |
Gross Profit = ____________. |
2 |
|
|
6 |
The amount of investment in business should be grouped under __________. |
3 |
|
|
7 |
Which of the following ledgers cannot have an opening balance? |
3 |
|
|
8 |
The third-party stock with us option under Godown creation allows
__________. |
4 |
|
|
9 |
__________ location is the default Godown, which gets auto-activated in
Tally Prime Data. |
2 |
|
|
10 |
While creating a company in Tally data in Tally Prime, ________ currency
gets auto-created as the base currency. |
1 |
|
|
29-Session
End Test |
1 |
Which of the vouchers is not a default voucher type in Tally Prime? |
4 |
|
2 |
Forex exchange gain or loss amount should be transferred using _________. |
2 |
|
|
3 |
Identify the incorrect statement of the voucher type. |
3 |
|
|
4 |
Which of the vouchers is generally applicable for inventory adjudication
in Tally Prime? |
1 |
|
|
5 |
Depreciation charged on fixed assets should be recorded using
___________. |
3 |
|
|
6 |
Which of the vouchers will not affect the trial balance report in Tally
Prime? |
3 |
|
|
7 |
Identify the incorrect pair for the purchase order cycle in Tally Prime. |
4 |
|
|
8 |
Identify the incorrect pair for the sales order cycle in Tally Prime. |
3 |
|
|
9 |
Under the Sales Order cycle, sales invoices are to be raised after
___________. |
2 |
|
|
10 |
Forex Gain or loss amount to be reported under ____________ using journal
entry. |
1 |
|
|
31 - Take-A-Challenge |
1 |
The batch number for a stock item can be entered while __________. |
2 |
|
2 |
The batchwise feature is generally applicable to _________. |
3 |
|
|
3 |
Which of the following details can be tracked using the batchwise feature
in Tally Prime? |
4 |
|
|
4 |
The batchwise feature is an ___________ feature in Tally Prime. |
2 |
|
|
5 |
Once the batchwise feature is activated in Tally Prime _________________. |
1 |
|
|
6 |
The batchwise feature can be activated from ____________. |
2 |
|
|
7 |
While activating batchwise for stock item master, it is mandatory to
enable manufacturing and an expiration date. |
2 |
|
|
8 |
Expiry dates for stock items can be entered in ___________. |
4 |
|
|
9 |
Batchwise details information is applicable to ___________. |
3 |
|
|
10 |
The batch number for a stock item can be entered while __________. |
3 |
|
|
31-Session
End Test |
1 |
What is the purpose of the "Expiry Date" field in the Batchwise
Details screen of Tally Prime? |
4 |
|
2 |
Which voucher type is used for recording the inward of items with batch
numbers in Tally Prime? |
21 |
|
|
3 |
In Tally Prime, which option allows you to alter batch details of opening
inventory? |
1 |
|
|
4 |
What is the primary advantage of using the batchwise feature in Tally
Prime for inventory tracking? |
1 |
|
|
5 |
While recording the purchase invoice for a batchwise stock item, it is
mandatory to set the batch number. |
1 |
|
|
6 |
In Tally Prime, which option allows you to alter the batch details of a
purchased stock item? |
4 |
|
|
7 |
If a batchwise enabled stock item was purchased on April 11th and the
manufacturing date is not available, then _____________. |
2 |
|
|
8 |
Which report in Tally Prime provides information about the batch-wise
stock position? |
2 |
|
|
9 |
While recording the stock transfer of a stock item with the closing
balance in a batch, you do not alter _________ |
2 |
|
|
10 |
What happens when you enter a new batch number while recording a sales
transaction in Tally Prime? |
3 |
|
|
32 - Take-A-Challenge |
1 |
What is the primary purpose of assigning batch numbers in Tally Prime? |
2 |
|
2 |
In Tally Prime, how can you create a new batch for an item? |
3 |
|
|
3 |
When using the batchwise feature, what type of items can you track? |
4 |
|
|
4 |
The batchwise feature cannot be configured for a stock item if _________. |
3 |
|
|
5 |
What information can you record using the batchwise feature in Tally
Prime? |
4 |
|
|
6 |
Which types of businesses commonly use the batchwise feature in Tally
Prime? |
2 |
|
|
7 |
The basic purpose of the batchwise feature in Tally Prime __________ |
2 |
|
|
8 |
Which of the options should be enabled to track the receipt date of a
batch? |
1 |
|
|
9 |
Why is the expiration date for batches not highlighted? |
2 |
|
|
10 |
Which of the following is not an inventory feature? |
1 |
|
|
32-Session
End Test |
1 |
Which of the following features is not part of the taxation feature in
Tally Prime? |
3 |
|
2 |
Batch number details can be updated while updating ___________ opening
balance in Tally Prime. |
2 |
|
|
3 |
Multiple batch number details can be updated while creating an inventory
master in Tally Prime. |
1 |
|
|
4 |
Tally does not allow you to record sales transactions for expired
batches. |
1 |
|
|
5 |
To record sales transactions for expired batches, the user should enable
___________ under the F12 configuration. |
2 |
|
|
6 |
To display all the batches with an NIL balance under item allocation,
enable ____________ under the F12 configuration in Tally Prime. |
1 |
|
|
7 |
Which of the following information cannot be altered while recording
batch-wise sales transactions? |
4 |
|
|
8 |
Which of the options should be enabled to maintain lot-wise details? |
1 |
|
|
9 |
What is the stock group name? |
2 |
|
|
10 |
How to set the stock valuation method to FIFO? |
1 |
|
|
33 - Take-A-Challenge |
1 |
_____________ is the systematic process of transferring raw materials
into finished goods. |
4 |
|
2 |
The manufacturing process involves __________. |
4 |
|
|
3 |
The main objective of the manufacturing process is/are __________. |
4 |
|
|
4 |
BOM stands for __________. |
2 |
|
|
5 |
__________ is a list of constituent items along with quantity details
that can be allotted for manufacturing. |
1 |
|
|
6 |
The Bill of Materials facilitates automatic ________ in stock of the
item. |
2 |
|
|
7 |
___________ includes the process of listing raw component materials for
the production of finished goods. |
3 |
|
|
8 |
The manufacturing process is a\an _____________ in Tally Prime. |
2 |
|
|
9 |
How to activate the manufacturing process in Tally Prime? |
4 |
|
|
10 |
The manufacturing journal voucher should be created under ___________. |
2 |
|
|
33-Session
End Test |
1 |
Which of the vouchers can be used as a manufacturing voucher in Tally
Prime? |
|
|
2 |
The manufacturing process cannot be configured in Tally Prime if the
_____________ feature is set to NO in the F11 feature. |
4 |
|
|
3 |
Which of the following features is not directly or indirectly related to
the manufacturing process in Tally Prime? |
4 |
|
|
4 |
The bill of material setup is not needed for ____________. |
1 |
|
|
5 |
The component list is also known as __________. |
1 |
|
|
6 |
The Bill of Material feature should be activated from __________. |
2 |
|
|
7 |
MRP details can be configured to stock item master, which stands for ___________. |
2 |
|
|
8 |
UOM is generally applicable to stock item masters, which stand for
_____________. |
3 |
|
|
9 |
While defining component material under the bill of material in Tally
Prime, materials can be set as ________________. |
4 |
|
|
10 |
Waste material derived from the manufacturing process should be set as
___________ while defining the bill of materials. |
4 |
|
|
34 - Take-A-Challenge |
1 |
Which of the following inventories was used for production? |
1 |
|
2 |
__________ is the process of converting component materials into finished
products. |
1 |
|
|
3 |
Tally Prime ___________ helps to
process and implement the manufacturing cycle. |
2 |
|
|
4 |
Which of the options should be enabled under the godown creation page to
store inventories at Other Location? |
1 |
|
|
5 |
Which of the options should be enabled under the godown creation page if
materials from other parties are stored at our godown? |
3 |
|
|
6 |
The default stock journal voucher in Tally Prime can be used as a
manufacturing journal. |
1 |
|
|
7 |
A manufacturing journal voucher is used for ________. |
2 |
|
|
8 |
Under ___________, finished goods quantity increases and raw component
quantity decreases. |
3 |
|
|
9 |
Under _________, the closing quantity of inventories remains unchanged. |
4 |
|
|
10 |
Which voucher should be used when finished goods are supplied to
customers? |
3 |
|
|
34-Session
End Test |
1 |
What is the significance of the "Manufacturing Journal" voucher
type in Tally Prime? |
3 |
|
2 |
Which report in Tally Prime provides information about the stock levels
of finished goods in the warehouse? |
2 |
|
|
3 |
Which option in Tally Prime allows you to track the work-in-progress
(WIP) during the manufacturing process? |
2 |
|
|
4 |
What is the primary purpose of the "Bill of Materials" (BOM)
feature in Tally Prime? |
3 |
|
|
5 |
In Tally Prime, which report provides information about the quantity and
value of raw materials consumed for manufacturing? |
4 |
|
|
6 |
Which voucher type in Tally Prime is used to record the transfer of
finished goods from the production unit to the warehouse? |
3 |
|
|
7 |
Which feature in Tally Prime allows you to track the consumption of raw
materials during the manufacturing process? |
1 |
|
|
8 |
Which of the following is not inventory master in Tally Prime? |
3 |
|
|
9 |
Under _________, the closing quantity of inventories remains unchanged. |
4 |
|
|
10 |
Which voucher should be used when finished goods are supplied to
customers? |
2 |
|
|
35 - Take-A-Challenge |
1 |
Standard component materials are configured under ________ for the
manufacturing process. |
4 |
|
2 |
Batch-wise production helps to track _________ in Tally Prime. |
4 |
|
|
3 |
What is a batch in Tally Prime? |
3 |
|
|
4 |
How to activate the batchwise feature in Tally Prime? |
2 |
|
|
5 |
In Tally Prime, what information is typically associated with a batch? |
2 |
|
|
6 |
Batchwise details can be defined at __________. |
4 |
|
|
7 |
What report in Tally Prime provides information about the quantity and
value of items in a specific batch? |
1 |
|
|
8 |
What does the "Batch Register" report in the Tally Prime
display? |
3 |
|
|
9 |
What does "Batch-Wise Details" represent in Tally Prime's
inventory management? |
2 |
|
|
10 |
In Tally Prime, which voucher type is used to record the adjustment of
inventory quantities due to damage or loss in a specific batch? |
2 |
|
|
35-Session
End Test |
1 |
The supplier should use a __________ voucher if a procurement order is
placed by the customer. |
2 |
|
2 |
The buyer should place ___________ for the procurement of raw materials
for the production of finished goods. |
1 |
|
|
3 |
Batch-wise production in Tally Prime is an inventory feature. |
1 |
|
|
4 |
Which of the following is not a part of stock item master creation in
Tally Prime? |
4 |
|
|
5 |
Which of the vouchers does not affect the financial report in Tally
Prime? |
1 |
|
|
6 |
A stock journal voucher can be used for ______ |
4 |
|
|
7 |
Which of the options should be filled out while recording batchwise
manufacturing journal vouchers in Tally Prime? |
4 |
|
|
8 |
A co-product is generally known as _________. |
2 |
|
|
9 |
Waste products during the manufacturing cycle should be treated as
__________. |
3 |
|
|
10 |
Finished Goods manufactured during the production cycle are known as
_________. |
4 |
|
|
|
|
|
|
|
36 - Take-A-Challenge |
1 |
Integrating accounts with inventory features helps to integrate the
closing balance of accounting ledgers and ____________. |
1 |
|
2 |
Integrate accounts with inventory feature should be activated from
_______. |
2 |
|
|
3 |
If the integrate accounts with inventory feature is not activated, then
___________. |
1 |
|
|
4 |
Enabling the option to integrate accounts with inventory in the F11
feature will reflect on ____________. |
3 |
|
|
5 |
Closing Stock balances are included under ___________. |
3 |
|
|
6 |
A Tally user can also drill down on the stock register from the balance
sheet. |
1 |
|
|
7 |
Stock in Hand Ledger allows users to update inventory balances manually
periodically. |
1 |
|
|
8 |
A __________ is a reduction in the original price or cost of a product. |
2 |
|
|
9 |
Which of the following discount types is offered by business entities to
their customers? |
4 |
|
|
10 |
Which of the discounts is generally offered in cases of instant payment
by buyers? |
4 |
|
|
36-Session
End Test |
1 |
Which of the discounts is generally offered to clear old stock? |
1 |
|
2 |
Which of the discount types encourages customers to make an instant
payment against their purchase? |
2 |
|
|
3 |
Cash discounts help to ____________. |
4 |
|
|
4 |
__________ is also called a wholesale discount. |
2 |
|
|
5 |
Which of the following discounts is generally offered in the case of B2B
transactions? |
2 |
|
|
6 |
Trade discount helps to ____________ |
4 |
|
|
7 |
Use of discount columns on invoices can be enabled at __________. |
3 |
|
|
8 |
The Cash & Trade discount option can be configured at _________ in
Tally Prime. |
|
|
|
9 |
Discounts offered to customers should be grouped under ____________. |
2 |
|
|
10 |
If material supplied quantities are higher as compared to invoice
quantities, then the user should use ___________ in Tally Prime. |
3 |
|
|
37- Take-A-Challenge |
1 |
POS voucher stand for __________ |
4 |
|
2 |
A POS voucher is a kind of _______ voucher. |
2 |
|
|
3 |
A POS voucher is generally used for ________. |
3 |
|
|
4 |
Which of the following is not a default voucher in Tally Prime? |
3 |
|
|
5 |
A POS voucher should be created under _______. |
4 |
|
|
6 |
Tally's POS module is designed to help businesses manage their
__________. |
4 |
|
|
7 |
Which of the following modes of payment is not available under the POS
voucher? |
3 |
|
|
8 |
If a POS voucher transaction is set up using a discount coupon, then
_______ payment mode should be used. |
4 |
|
|
9 |
Which of the key combinations should be used to toggle between
single-mode and multi-mode payments in a POS voucher? |
2 |
|
|
10 |
Which of the following information is not mandatory to fill out while
recording a POS voucher in Tally? |
2 |
|
|
37-Session
End Test |
1 |
If a POS transaction value is Rs 5400/- and the cash received by the
buyer is Rs 5500/-, then what would be the balance amount? |
3 |
|
2 |
Which of the transactions is suitable for the POS voucher? |
1 |
|
|
3 |
Custom messages can be printed on __________ in Tally Prime. |
3 |
|
|
4 |
All the POS vouchers are reported under __________. |
1 |
|
|
5 |
The POS Register report displays ____________. |
4 |
|
|
6 |
The POS Register report can be extracted under ________. |
2 |
|
|
7 |
The POS Register report can be reported in columnar format by using the
_______ key. |
4 |
|
|
8 |
To view a detailed POS voucher under the POS register report, the user
should press _________. |
2 |
|
|
9 |
What is the significance of the "Payment" field in a POS
voucher? |
2 |
|
|
10 |
Which of the following statements is incorrect for the POS voucher in
Tally? |
1 |
|
|
38- Take-A-Challenge |
1 |
__________are used to automate accounting allocations in transactions. |
3 |
|
2 |
The voucher class is a table for __________ the entries to make invoice
entry a simple task. |
1 |
|
|
3 |
Voucher classes are generally useful in ________. |
4 |
|
|
4 |
Voucher classes can be configured for ___________. |
4 |
|
|
5 |
Voucher class setup can be configured at ___________. |
3 |
|
|
6 |
__________ can be predefined while configuring the voucher class for the
sales invoice. |
2 |
|
|
7 |
Tally allows you to create multiple voucher classes for a particular
voucher. |
1 |
|
|
8 |
Which of the fields describes the summary of a transaction recorded in
books? |
2 |
|
|
9 |
The company's multiple addresses can be configured at _______. |
3 |
|
|
10 |
The address defined while creating company data in Tally Prime is known
as __________. |
1 |
|
|
38-Session
End Test |
1 |
If a voucher class is configured under journal voucher, how will you
access the voucher class? |
1 |
|
2 |
The company's secondary address can be configured at _________. |
2 |
|
|
3 |
Which of the keys should be pressed to change the company's address to be
printed on an invoice in Tally Prime? |
2 |
|
|
4 |
Tally allows you to enter multiple address details for party masters in
the books. |
1 |
|
|
5 |
Which of the following options allows the user to enter multiple parties'
addresses in Tally Prime? |
3 |
|
|
6 |
Which of the following options does not appear while creating a party
ledger master in Tally Prime? |
3 |
|
|
7 |
F7 Title details on print preview allows the user to change
_____________. |
4 |
|
|
8 |
Ideally, bank details under party ledger master should be entered for
_____________. |
2 |
|
|
9 |
Address information is not required for _______________. |
3 |
|
|
10 |
Which of the following information is mandatory for a party ledger
master? |
4 |
|
|
39- Take-A-Challenge |
1 |
Company data security can be enabled at __________. |
3 |
|
2 |
Which of the options should be enabled to set login control for data? |
3 |
|
|
3 |
The user login created at the time of company creation is also called as
_________. |
2 |
|
|
4 |
With the help of ___________ login, we can setup different permissions
for all other Tally users. |
1 |
|
|
5 |
Which of the following security controls helps to encrypt company data? |
2 |
|
|
6 |
How will you activate the security control feature while creating company
data in Tally Prime? |
1 |
|
|
7 |
The company creation F12 configuration page helps to activate___________. |
4 |
|
|
8 |
How will you change the administrator login password for company data in
Tally Prime? |
3 |
|
|
9 |
Which of the following shortcut keys will you use to access company
information for tab? |
3 |
|
|
10 |
It is mandatory to enter an old password while changing or updating a new
password in Tally Prime. |
1 |
|
|
39-Session
End Test |
1 |
List of user roles available in Tally Prime__________. |
4 |
|
2 |
Which of the user roles is available in Tally Prime but does not get
displayed under the list of user roles? |
2 |
|
|
3 |
Which of the following users has full access rights to all the features
in Tally Prime? |
2 |
|
|
4 |
Based on pre-defined security levels, the __________ can create other
security levels and assign or restrict access based on the requirements. |
3 |
|
|
5 |
Which of the security levels cannot create a ledger master as the default
in Tally Prime? |
1 |
|
|
6 |
What is the purpose of implementing a "Password Policy" in
Tally Prime? |
3 |
|
|
7 |
In Tally Prime's "Password Policy," what does the term
"Password Complexity" refer to? |
2 |
|
|
8 |
How does Tally Prime's "Password Expiry" feature enhance
security? |
2 |
|
|
9 |
What role does "User Role-Based Password Policy" play in Tally
Prime? |
2 |
|
|
10 |
Which of the following user roles is not available under the security
user role in Tally Prime? |
3 |
|
|
40- Take-A-Challenge |
1 |
___________ is a feature in Tally Prime that will help businesses maintain
the confidentiality of information by encrypting the date. |
3 |
|
2 |
Which of the following is the most secure way to protect data? |
3 |
|
|
3 |
If a company name is not listed under the select company list, then
_________. |
1 |
|
|
4 |
Which of the following is a benefit of a Tally Vault password? |
4 |
|
|
5 |
Which of the following is not a benefit of a Tally Vault password? |
3 |
|
|
6 |
The Tally Vault password can be activated at _______. |
4 |
|
|
7 |
Which of the security levels allows users to set user roles? |
2 |
|
|
8 |
The user can permanently lose access to data if they lose __________. |
2 |
|
|
9 |
Which of the following security controls is unsurpassable in Tally Prime
for accessing company data? |
2 |
|
|
10 |
Tally vault passwords cannot be set until administrative logins are
configured in company data. |
2 |
|
|
40-Session
End Test |
1 |
If company data is configured with an admin login as well as a Tally
Vault password, the user will be asked to enter __________ first while
loading company data. |
3 |
|
2 |
Which of the following security levels allows users to record vouchers in
Tally Prime? |
4 |
|
|
3 |
How will you disable the Tally Vault password? |
3 |
|
|
4 |
If you disable the Tally Vault password, then __________. |
3 |
|
|
5 |
Company data can be accessed by user login if the admin login is lost,
but data cannot be accessed if the Tally Vault password is lost. |
1 |
|
|
6 |
What is the primary purpose of the Tally Vault in Tally Prime? |
1 |
|
|
7 |
What happens if you forget the Tally Vault password? |
1 |
|
|
8 |
Password policy not applicable to __________ |
3 |
|
|
9 |
How often should you change the Tally Vault password for better security? |
3 |
|
|
10 |
Can the Tally Vault password be different for each company in Tally
Prime? |
1 |
|
|
41- Take-A-Challenge |
1 |
Can a child company within a Group Company have its own unique chart of
accounts? |
2 |
|
2 |
How does the 'Alter' option in the Gateway of Tally function in a Group
Company setup? |
3 |
|
|
3 |
What is the purpose of the 'Group Summary' report in Group Companies? |
3 |
|
|
4 |
Can you have different financial years for individual child companies
within a Group Company? |
2 |
|
|
5 |
What does the 'Intercompany Transactions' feature facilitate in Group
Companies? |
3 |
|
|
6 |
How can you switch between different child companies within a Group Company
in Tally Prime? |
4 |
|
|
7 |
What happens when you create a Group Company in Tally Prime? |
3 |
|
|
8 |
In a Group Company setup, what term is used to refer to individual
companies under the group? |
2 |
|
|
9 |
How can you access the Group Company feature in Tally Prime? |
4 |
|
|
10 |
What is the primary purpose of the Group Company feature in Tally Prime? |
2 |
|
|
41-Session
End Test |
1 |
Which of the following consolidated reports can be generated under the
group company? |
4 |
|
2 |
Which of the following key combinations should be used to create a group
company under the company creation/alteration page? |
2 |
|
|
3 |
The Group Company feature in Tally Prime displays a consolidated
financial report, but a user cannot record a transaction in Group Company. |
1 |
|
|
4 |
__________ typically refers to a parent company that owns and manages
multiple subsidiary companies. |
3 |
|
|
5 |
For the purpose of consolidating the financial reports of multiple
separate entities, the user should create __________. |
1 |
|
|
6 |
To form a group company in Tally, you should have at least ____________
child companies. |
1 |
|
|
7 |
With the help of _______, you can set up a hierarchical structure with
the group company at the top and subsidiary companies branching out from it. |
2 |
|
|
8 |
Which of the following is not an advantage of Group Company in Tally
Prime? |
4 |
|
|
9 |
If you delete a group company data in Tally Prime, then __________. |
1 |
|
|
10 |
What are the advantages of Group Company? |
4 |
|
|
42- Take-A-Challenge |
1 |
_____________ in Tally Prime refers to the process of efficiently
handling and organizing data within the software. |
1 |
|
2 |
The data management task includes __________. |
4 |
|
|
3 |
Data management in Tally Prime includes _________. |
4 |
|
|
4 |
Which of the options helps to secure your data in Tally Prime? |
1 |
|
|
5 |
__________ is the process to restore a backup data file in a selected
folder. |
2 |
|
|
6 |
The __________ options helps troubleshoot data-related issues in Tally. |
3 |
|
|
7 |
The _________ option helps you convert your tally data from a lower
version of Tally to a higher version of Tally. |
4 |
|
|
8 |
The _____________ option is used to configure Tally data location in
software. |
3 |
|
|
9 |
_______ is the location where backup data is stored. |
1 |
|
|
10 |
It is mandatory to enter the Tally vault password while processing data
backups in Tally Prime. |
1 |
|
|
42-Session
End Test |
1 |
________ is the location where backup data is restored. |
2 |
|
2 |
To access the backup and restore menu options in Tally Prime, the user
should press ________ from the Gateway of Tally. |
3 |
|
|
3 |
The process of segregating single-tally data into different financial
years is called ________. |
3 |
|
|
4 |
Which of the precautions should be considered before splitting company
data? |
4 |
|
|
5 |
What are the benefits of Data Splitting? |
4 |
|
|
6 |
Under the ________ process, you can see the errors that might occur while
splitting company data. |
4 |
|
|
7 |
The ___________________ option in Tally Prime is a feature that helps you
identify and correct data integrity issues or errors within your Tally Data. |
3 |
|
|
8 |
_________ is the process of converting a lower version of Tally to the
latest version of Tally data. |
1 |
|
|
9 |
In Tally Prime, what is the recommended file format for backup? |
3 |
|
|
10 |
Under the data splitting process, the main company remains intact, while
two child companies gets created based on the splitting period selected. |
1 |
|
|
43- Take-A-Challenge |
1 |
How would you access the export configuration page in Tally Prime? |
4 |
|
2 |
Press ________ to import data or a master from the Gateway of Tally. |
4 |
|
|
3 |
Press ________ to export data or a master from the Gateway of Tally. |
2 |
|
|
4 |
Which of the formats is supported for data interchange in Tally? |
1 |
|
|
5 |
Which of the formats is supported for exporting data in Excel format from
Tally? |
2 |
|
|
6 |
Key features of data export in Tally Prime _________ |
4 |
|
|
7 |
Which of the extension formats should be used for data export to publish
online? |
1 |
|
|
8 |
Tally data can also be exposed as raw data, which is called _________. |
3 |
|
|
9 |
Tally data can be exported in _________ format. |
4 |
|
|
10 |
The _________ feature in Tally Prime is a powerful tool that allows users
to extract and save data from Tally in various formats for external use or
analysis. |
1 |
|
|
43-Session
End Test |
1 |
In Tally Prime, what does the term "Gateway of Tally" refer to? |
1 |
|
2 |
Which of the following data can be imported into Tally Prime using the
XML format? |
4 |
|
|
3 |
What is the purpose of exporting data in XML format? |
1 |
|
|
4 |
What does the term "XML" stand for in the context of Tally
Prime data export? |
1 |
|
|
5 |
Which type of data can be exported from Tally Prime? |
3 |
|
|
6 |
What is the purpose of exporting data in Tally Prime? |
4 |
|
|
7 |
Import bank details options are generally used to update bank details of
_______________. |
2 |
|
|
8 |
What are the key features of data import in Tally Prime? |
4 |
|
|
9 |
Which of the export formats is not supported in Tally for general data? |
3 |
|
|
10 |
To transfer the closing balance of masters to the opening balance in
different tally data, the user should _________ format. |
1 |
|
|
44- Take-A-Challenge |
1 |
What is required to enable remote access in Tally Prime? |
1 |
|
2 |
How is Tally.NET different from traditional methods of accessing Tally
data? |
3 |
|
|
3 |
Which option in Tally Prime facilitates remote access? |
2 |
|
|
4 |
What is the primary purpose of the remote access feature in Tally Prime? |
2 |
|
|
5 |
What are the important criteria for the remote access feature in Tally
Prime? |
4 |
|
|
6 |
Important key features of the Tally Remote Access feature ________. |
4 |
|
|
7 |
To connect Tally data remotely, the user should have _________. |
2 |
|
|
8 |
Which of the options will not be available under the Tally Remote Access
feature? |
4 |
|
|
9 |
With the help of Tally Remote Access, users can _________. |
4 |
|
|
10 |
The _________ feature in Tally Prime allows you to access Tally Prime to
work from home or anywhere. |
1 |
|
|
44-Session
End Test |
1 |
What are the key features of web browser access in Tally Prime? |
4 |
|
2 |
The _________________ feature in Tally Prime gives you the freedom to
view your reports securely from anywhere, on any device. |
1 |
|
|
3 |
To access tally data via remote access, the user should make sure
___________. |
4 |
|
|
4 |
What is the role of Tally Vault in remote access? |
1 |
|
|
5 |
Which option in Tally Prime allows you to restrict specific users from
accessing data remotely? |
3 |
|
|
6 |
What does the "Control Center" feature in Tally Prime allow you
to do regarding remote access? |
1 |
|
|
7 |
Which Tally Prime configuration helps in securing remote access? |
1 |
|
|
8 |
Which option allows you to view a list of users connected remotely to
Tally Prime? |
3 |
|
|
9 |
What is the purpose of Tally.NET ID in the context of remote access? |
2 |
|
|
10 |
In Tally Prime, how can you grant access to a user for remote access? |
3 |
|
|
46- Take-A-Challenge |
1 |
___________ is the process of calculating and disbursing compensation and
benefits to employees of a company. |
1 |
|
2 |
The payroll process includes the financial aspects of managing employee
salaries, wages, bonuses, and ___________. |
2 |
|
|
3 |
______ includes gathering details about employees' work hours,
attendance, overtime, and other information. |
3 |
|
|
4 |
The net pay calculation is the amount that gets computed as ____________. |
4 |
|
|
5 |
Employee information details include _________. |
4 |
|
|
6 |
Earnings heads of payment structure includes ________. |
4 |
|
|
7 |
Which of the following is not an earning type under the payroll
structure? |
3 |
|
|
8 |
Deductions and withholdings in the payroll structure includes __________. |
4 |
|
|
9 |
The payroll feature can be activated from ________ in the tally data. |
1 |
|
|
10 |
The payroll statutory details page allows users to update _________ in
company data. |
4 |
|
|
46-Session
End Test |
1 |
Payroll masters include __________ under Tally Prime. |
4 |
|
2 |
An employee's department master can be created under ________ in Tally
data. |
1 |
|
|
3 |
The _________ page allows you to update employee details in company data,
including name, address, contact details, etc. |
2 |
|
|
4 |
Which of the following fields is mandatory while creating an employee
master in Tally Prime? |
3 |
|
|
5 |
Under Employee Master Creation, UAN stands for __________. |
2 |
|
|
6 |
Under Employee Master Creation, the contract detail information includes
___________. |
4 |
|
|
7 |
Which type of attendance should be recorded to mark an employee as
physically present? |
1 |
|
|
8 |
List of attendance types available in Tally Prime __________ |
4 |
|
|
9 |
Which of the attendance types should be used to mark overtime attendance? |
3 |
|
|
10 |
Absent attendance should be configured under __________. |
2 |
|
|
47- Take-A-Challenge |
1 |
What is the first phase of the payroll cycle? |
2 |
|
2 |
In the context of the payroll process, what does the term "net
pay" refer to? |
3 |
|
|
3 |
Which document is typically provided to employees, summarizing their
earnings and deductions? |
3 |
|
|
4 |
In the payroll process, what is the significance of gross pay? |
1 |
|
|
5 |
Which statutory compliance is typically managed within the payroll
process? |
4 |
|
|
6 |
Which of the following is a pre-requisite for initiating the payroll
process? |
3 |
|
|
7 |
What does ESI stand for in the context of payroll processing in Tally
Prime? |
1 |
|
|
8 |
What is the purpose of the Attendance Voucher in Tally Prime's Payroll
feature? |
1 |
|
|
9 |
Payroll vouchers are ____________. |
4 |
|
|
10 |
What is the primary purpose of the payroll feature in Tally Prime? |
3 |
|
|
47-Session
End Test |
1 |
The payroll cycle in Tally does not involve __________. |
4 |
|
2 |
The payroll cycle in Tally involves __________. |
4 |
|
|
3 |
With the help of ___________, businesses can ensure that employee
salaries and other compensation are calculated correctly. |
3 |
|
|
4 |
Which of the following vouchers does not involve under financial
transaction? |
3 |
|
|
5 |
In Payroll Payheads, what does the term "Deductions" generally
refer to? |
4 |
|
|
6 |
In Tally Prime, what is the significance of the "Calculation
Type" when creating a Payroll Payhead? |
2 |
|
|
7 |
What is the purpose of the "Earnings" category in Payroll
Payheads? |
2 |
|
|
8 |
In Tally Prime's Payroll module, what is a "Payhead"? |
2 |
|
|
9 |
Which phase of the payroll cycle involves the actual disbursement of
salaries to employees? |
2 |
|
|
10 |
In the payroll cycle, what is the purpose of the data collection phase? |
2 |
|
|
48- Take-A-Challenge |
1 |
The revised salary structure for employees can be updated under
__________. |
4 |
|
2 |
While defining the revised salary structure, Tally will allow the user to
define the revised salary structure using the start type as __________. |
3 |
|
|
3 |
Which of the following payheads can be configured as variable income
types? |
4 |
|
|
4 |
Overtime payhead should be configured as the ________ calculation type. |
3 |
|
|
5 |
Which of the following payheads should be configured under current
liabilities? |
3 |
|
|
6 |
Which of the following is a statutory deduction payhead? |
4 |
|
|
7 |
_________ is the process of a set salary structure of an employee in
data. |
2 |
|
|
8 |
While processing payroll vouchers in Tally data, the narration for
payroll vouchers gets auto-populated. |
1 |
|
|
9 |
Attendance vouchers are not considered if payhead masters are configured
based on the _________ calculation method. |
3 |
|
|
10 |
What document summarizes an employee's earnings and deductions for a
specific pay period? |
3 |
|
|
48-Session
End Test |
1 |
What is the primary purpose of the payroll register in the payroll
process? |
8 |
|
2 |
Payroll reports in Tally Prime include __________. |
3 |
|
|
3 |
________ reports display all the earnings and deductions of all employees
for the selected period. |
4 |
|
|
4 |
Pay slips can be printed in __________ format from Tally. |
2 |
|
|
5 |
If HRA is 50% of the basic salary and the basic salary of an employee is
Rs 16800/-, then what would be the HRA amount for April, where the employee
is marked as present for 28 days? |
3 |
|
|
6 |
If HRA for an employee for the month of April is Rs 1200/-, which is 30%
of the basic salary, then what is the actual basic salary of an employee? |
3 |
|
|
7 |
In Tally Prime, what information is typically included in a payslip? |
2 |
|
|
8 |
What report in Tally Prime provides a detailed summary of employee-wise
earnings and deductions for a specific period? |
3 |
|
|
9 |
In Tally Prime's payslip, what does the term "Net Pay"
represent? |
4 |
|
|
10 |
What role does the paysheet report play in Tally Prime's payroll
functionality? |
3 |
|
|
49- Take-A-Challenge |
1 |
GST stands for __________. |
1 |
|
2 |
GST is a/an ___________ that has replaced many applicable taxes in India. |
3 |
|
|
3 |
GST was applicable from _________ in India. |
2 |
|
|
4 |
GST is a comprehensive, multi-stage __________ tax that is levied on
every value addition. |
1 |
|
|
5 |
Taxes applicable prior to GST, which have been replaced by GST
__________. |
4 |
|
|
6 |
Taxes that have not been subsumed under GST compliances. |
3 |
|
|
7 |
Which of the taxes was applicable to the exhibition of movies, sporting
events, and other forms of events? |
3 |
|
|
8 |
Which of the following taxes was levied in cases of cross-border sales of
goods prior to GST? |
2 |
|
|
9 |
The tax components of GST are ____________. |
4 |
|
|
10 |
CGST stands for __________. |
3 |
|
|
49-Session
End Test |
1 |
IGST stands for ________. |
1 |
|
2 |
Which of the following GST components is applicable in cases of
cross-border supply? |
3 |
|
|
3 |
Supply made within Maharashtra will attract _________. |
3 |
|
|
4 |
Supply made from Maharashtra to Kerala will attract _____________. |
4 |
|
|
5 |
Taxes subsumed under CGST _________ |
4 |
|
|
6 |
Taxes subsumed under SGST__________ |
4 |
|
|
7 |
Which of the following tax is not subsumed under GST? |
2 |
|
|
8 |
The intrastate supply transaction refers to ________. |
1 |
|
|
9 |
The Interstate Supply transaction refers to __________. |
2 |
|
|
10 |
Identify the correct tax component on the supply of goods for Rs 25000/-
from Mumbai to Delhi with a 12% GST rate. |
3 |
|
|
50- Take-A-Challenge |
1 |
GST liability ledger to be created under _______ |
2 |
|
2 |
ProvisionGST registration details are to be updated under ________. |
3 |
|
|
3 |
Which of the details should be updated while filling out the GST
registration page in company data? |
4 |
|
|
4 |
While creating a GST party ledger master in Tally data, the user should
update the GST registration type to ________. |
4 |
|
|
5 |
HSN details should be entered while creating _______. |
3 |
|
|
6 |
The service accounting code should be updated for _________. |
4 |
|
|
7 |
While creating the party ledger master, if the GST registration number
mismatches as per the selected state of the party master, Tally will display
a warning message of a mismatch. |
1 |
|
|
8 |
GST rates can be defined as ________. |
4 |
|
|
9 |
A business may register under GST compliances based on __________. |
4 |
|
|
10 |
Threshold limit of business registration under GST compliance for trader
of goods _________. |
4 |
|
|
50-Session
End Test |
1 |
The threshold limit for GST registration for a service provider is
___________. |
3 |
|
2 |
Mandatory GST registration criteria include ________. |
4 |
|
|
3 |
GST registration is based on _________. |
1 |
|
|
4 |
Multiple GST registration numbers can be obtained on the same PAN. |
1 |
|
|
5 |
GST registration can be obtained as __________. |
3 |
|
|
6 |
_______ are free to supply goods or services in any part of the country. |
1 |
|
|
7 |
_______ are not entitled to interstate border supply under GST
compliance. |
2 |
|
|
8 |
__________ means GST paid by a taxable person on any purchase of goods
and/or services that are used or will be used for business. |
2 |
|
|
9 |
Input tax credit not allowed to be claimed as per Section 17(5) is also
known as _______. |
2 |
|
|
10 |
GST registration in Maharashtra will start with __________. |
2 |
