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New MS-CIT Admission Open for New Batch
KLiC Tally Prime with GST
KLiC Tally Prime with GST
Enroll in KLiC Tally Prime with GST and learn everything about Accounting!
You will learn to make accurate and quick reports in no time! Become proficient in GST, voucher, currency, inventories and excise reports. The course also offers business management and data management skills.
What you'll learn ?
What you'll learn ?
We are launching a new course with Tally Prime version in comparison to the previous course with Tally version 9 for several important reasons:
1. Stay Relevant: Tally Prime represents the latest iteration of Tally's software, incorporating significant enhancements, improvements, and modernization. It is essential for our learners to be up to date with the latest software versions to remain competitive in the field.
2.Enhanced Features: Tally Prime introduces new features and functionalities that are not available in Tally version 9. These enhancements can streamline accounting processes, improve efficiency, and offer a more comprehensive learning experience.
3. Adaptation to Industry Standards: Many businesses and organizations have upgraded to Tally Prime, making it the industry standard. By offering a course on Tally Prime, we ensure that our learners are prepared to meet the demands of the job market and work effectively in real-world scenarios.
4. Improved User Experience: Tally Prime offers a more user-friendly and intuitive interface compared to Tally version 9. Teaching with the latest software ensures that our learners have a smoother and more enjoyable learning experience.
5. Future-Proofing: By focusing on Tally Prime, we future-proof our course content. This means that our learners will acquire skills that are relevant not only in the present but also as the software continues to evolve.
In summary, launching a new course with Tally Prime is essential to provide our learners with the most current and valuable skills, aligning our offerings with industry standards and enhancing the overall quality of education we provide.
Certification
Certification
Syllabus
Syllabus
Introduction to Accounting
Introduction of Tally Prime
Maintaining Data in Tally Prime
Accounting Master Setup
Inventory Master Setup
Voucher Types & Chart of Accounts
Multi Master & Preview of Financial
Statements in Tally
Accounting Voucher - Receipt & Payment
Advance Accounting & Inventory Voucher
Financial Statements
Bill-wise Transactions
Bill-wise Outstanding’s Reports
Banking in Tally Prime
Multi-Currency
Purchase Order Process
Advance Purchase Order
Sales Order
Advance Sales Order
Advance Inventory
Accounting & Inventory Case Study
Manufacturing Process
Case Study - Batchwise Manufacturing
POS Voucher and Other Vouchers
Group Company Creation
Data Management
Data Export Import
Tally Remote Access
Payroll Setup
Payroll Transaction
Payroll Reports
GST Introduction
GST Master Setup in Tally
GST - Intrastate Supply
GST - Interstate Supply
GST Advance Transaction & Reports
TDS Compliance
Case Study - GST & TDS
Year End Audit Transaction
Tally Report - Accounting
Tally Report - Inventory & Others
Tally prime mcq
Tally prime mcq
1.Voucher classes are generally useful in ________.
A. Payment Voucher
B. Receipt Voucher
C. Journal Voucher
D. Sales Invoice
Correct Answer: C
2.The banking menu option on the Gateway of Tally serves _______.
A. Cheque printing report
B. Cheque register
C. Deposit Slip
D. All of the above
Correct Answer: D
3.Which of the following is not a benefit of a Tally Vault password?
A. Data Integrity
B. Data Protection
C. Data Sharing
D. Confidentiality
Correct Answer: C
4.Tally Prime ___________ helps to process and implement the manufacturing cycle.
A. Accounting Feature
B. Inventory Feature
C. Statutory Feature
D. Other Feature
Correct Answer: B
5.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.
A. TRUE
B. FALSE
Correct Answer: B
6.Tally data can also be exposed as raw data, which is called _________.
A. HTML format
B. XML format
C. CSV format
D. PDF format
Correct Answer: B
7.In Tally Prime, what is the purpose of creating a "Group" master?
A. To record stock item details
B. To define tax rates
C. To categorize ledgers into broader classifications
D. To configure data backup settings
Correct Answer: C
8.Tally data can be exported in _________ format.
A. Excel format
B. PDF format
C. XML format
D. All of the above
Correct Answer: D
9.Which of the following vouchers should be used to record outward intrastate supply in Tally Prime?
A. Sales
B. Journal
C. Purchase
D. Receipt Voucher
Correct Answer: A
10.A list of multi-masters contains _________.
A. Multi Create
B. Multi Alter
C. Credit Limit
D. All of the above
Correct Answer: D
11.In Tally Prime, what is the primary purpose of the Purchase Order (PO) module?
A. To record sales transactions
B. To generate invoices for customers
C. To create purchase orders for suppliers
D. To calculate income tax liabilities
Correct Answer: C
12.What is stock valuation in Tally Prime?
A. A method to calculate taxes on inventory
B. A process of determining the value of goods held in inventory
C. A report showing the quantity of stock purchased
D. A method to calculate sales discounts on inventory
Correct Answer: B
13.GST is a/an ___________ that has replaced many applicable taxes in India.
A. Direct Tax
B. Concurrent Tax
C. Indirect Tax
D. Non-concurrent tax
Correct Answer: C
14.
The _________ feature in Tally Prime allows you to access Tally Prime to work from home or anywhere.
A. Remote Access
B. Web Browser
C. Export & Import
D. Data Migration
Correct Answer: A
15.
What is the primary purpose of the payroll feature in Tally Prime?
A. Accounting Management
B. Financial Reporting
C. Employee Salary Processing
D. HRA Management
Correct Answer: C
16.
To access the multi-master creation option in Tally, we should navigate to _________.
A. Gateway of Tally >> Create >> Multi Master
B. Gateway of Tally >> Multi Master >> Create
C. Gateway of Tally >> Chart of Account >> Ledger >> Multi Master
D. All of the above
Correct Answer: C
17.
What is the primary benefit of using Tally Prime for accounting?
A. It allows to manage all the documents
B. It allows to manage business stock
C. It automates financial calculations and simplifies record-keeping
D. All of the above
Correct Answer: D
18.
What does the Income Statement (Profit and Loss Statement) report?
A. A company's assets and liabilities
B. A company's cash flow activities
C. A company's revenues, expenses, and net income or loss over a period
D. A company's equity transactions
Correct Answer: C
19.
A POS voucher is generally used for ________.
A. Credit Sales
B. Regular Customer
C. Walkin Customers
D. All of the above
Correct Answer: C
20.
__________ is the process to restore a backup data file in a selected folder.
A. Data Backup
B. Data Restore
C. Data Splitting
D. Data Export
Correct Answer: B
21.
The main objective of the manufacturing process is/are __________.
A. To achieve production on a large scale
B. To meet quality standards
C. To fulfill the market demand
D. All of the above
Correct Answer: D
22.
In Tally Prime, which type of accounting master is used to record information about individuals or organizations with whom the company has financial transactions?
A. Cost Center
B. Voucher Type
C. Ledger
D. Accounting Group
Correct Answer: C
23.
What is the purpose of a Sales Order in Tally Prime?
A. To track outstanding payments from customers
B. To create invoices for completed sales transactions
C. To request goods from suppliers
D. None of the above
Correct Answer: D
24.
___________ is a feature in Tally Prime that will help businesses maintain the confidentiality of information by encrypting the date.
A. Tally Audit
B. Tally Edit
C. Tally Vault
D. Tally Security
Correct Answer: C
25.
__________ refers to financial transactions in one or more foreign currencies.
A. Multi-Currency
B. Base Currency
C. Reporting Currency
D. Dual Currency
Correct Answer: A
26.
What is the primary purpose of Tally in accounting?
A. To automate the entire accounting process
B. To record and manage financial transactions efficiently
C. To replace the need for human accountants
D. To provide legal and tax advice to businesses
Correct Answer: B
27.
In a Group Company setup, what term is used to refer to individual companies under the group?
A. Subsidiary companies
B. Child companies
C. Branch companies
D. Group entities
Correct Answer: A
28.
Overtime payhead should be configured as the ________ calculation type.
A. On Attendance
B. Flat Rate
C. On Production
D. User defined
Correct Answer: C
29.
________ is the currency in which books of accounts are maintained and reported in Tally Prime.
A. Multi-Currency
B. Base Currency
C. Reporting Currency
D. Dual Currency
Correct Answer: B
30.
GST stands for __________.
A. Goods & Service Tax
B. Goods & Sales Tax
C. Goods & Supply Tax
D. Goods & Excise Tax
Correct Answer: A
31.
Which of the stock valuation methods should be used in the case of perishable goods?
A. FIFO
B. LIFO
C. Average Cost
D. Last Purchase Cost
Correct Answer: A
32.
The user cannot create a ledger master while recording a sales or purchase transaction in Tally Prime.
A. TRUE
B. FALSE
Correct Answer: B
33.
Which report in Tally Prime provides a summary of stock valuation and the value of closing stock?
A. Sales Summary Report
B. Balance Sheet
C. Stock Summary Report
D. Ledger Statement
Correct Answer: C
34.
Which of the vouchers is to be recorded after the purchase order?
A. Receipt Note
B. Delivery Note
C. Sales Invoice
D. Purchase Invoice
Correct Answer: A
35.
Which of the vouchers is to be recorded after the receipt note?
A. Receipt Note
B. Delivery Note
C. Sales Invoice
D. Purchase Invoice
Correct Answer: D
36.
In Tally Prime, which master is used to categorize ledgers based on their nature or function, such as income, expenses, assets, or liabilities?
A. Cost Center
B. Voucher Type
C. Ledger
D. Accounting Group
Correct Answer: D
37.
GST liability ledger to be created under _______
A. Current Assets
B. Duties & Taxes
C. Current Liabilities
D. Provision
Correct Answer: B
38.
A POS voucher is a kind of _______ voucher.
A. Purchase Voucher
B. Sales Voucher
C. Receipt Voucher
D. Payment Voucher
Correct Answer: B
39.
Data management in Tally Prime includes _________.
A. Data Backup
B. Data Restore
C. Data Repair
D. All of the above
Correct Answer: D
40.
Which of the options should be used to view the daybook report for a specified voucher in Tally Prime?
A. Press F3 - Change Voucher
B. Press F4 - Change Voucher
C. Press F5 - Change Voucher
D. Press F6- Change Voucher
Correct Answer: B
(Continued up to 100+ questions – let me know if you'd like the full list compiled in a downloadable format.)
Continued
Qwen3-235B-A22B
41.
A sales order is generated by _________.
A. Buyer
B. Seller
C. Customer
D. All of the above
Correct Answer: B
42.
Which of the following letters can be used to access the chart of accounts report from the Gateway of Tally?
A. C
B. H
C. A
D. T
Correct Answer: C
43.
Rejection In Voucher should be recorded after _________.
A. Sales Order
B. Delivery Note
C. Receipt Note
D. Sales Invoice
Correct Answer: B
44.
What is the shortcut key to access sales invoices in Tally?
A. F7 Sales
B. F8 Sales
C. F9 Sales
D. F10 Sales
Correct Answer: B
45.
Which of the following can cause data corruption in Tally Prime?
A. Regular data backups
B. Power failures or sudden system shutdowns
C. Accessing Tally data from multiple devices
D. Enabling Tally Vault
Correct Answer: B
46.
To record the supply of trading goods, which of the transactions is suitable to use in Tally Prime?
A. Account Invoice Mode
B. Voucher Mode
C. Item Invoice Mode
D. None of the above
Correct Answer: C
47.
Tally Prime ___________ helps to process and implement the manufacturing cycle.
A. Accounting Feature
B. Inventory Feature
C. Statutory Feature
D. Other Feature
Correct Answer: B
48.
What happens when you create a Group Company in Tally Prime?
A. It merges all companies into a single entity
B. It creates a new company within an existing company
C. It establishes a hierarchical structure with multiple child companies
D. It converts all companies into ledger groups
Correct Answer: C
49.
Voucher classes can be configured for ___________.
A. Contra Voucher
B. Journal Voucher
C. Sales Invoice
D. All of the above
Correct Answer: D
50.
GST was applicable from _________ in India.
A. 1st April 2017
B. 1st July 2017
C. 1st Oct 2017
D. 1st Dec 2017
Correct Answer: B
51.
The Export menu option on the Gateway of Tally includes ________.
A. Masters
B. Transactions
C. Configuration
D. All of the above
Correct Answer: D
52.
A Tally user created under user can be marked as active or inactive under the F12 configuration of the user creation page.
A. TRUE
B. FALSE
Correct Answer: A
53.
Which of the following activities cannot be performed under the group company in Tally Prime?
A. Generating a Consolidated Balance Sheet Report
B. Generating a Consolidated Trial Balance
C. Booking a financial transaction
D. Exporting a Consolidated Balance Report
Correct Answer: C
54.
Which of the following inventories was used for production?
A. Raw Material
B. Semi-Finished Goods
C. Finished Goods
D. All of the above
Correct Answer: D
55.
A list of multi-masters contains _________.
A. Multi Create
B. Multi Alter
C. Credit Limit
D. All of the above
Correct Answer: D
56.
Which of the following vouchers should be used to record outward intrastate supply in Tally Prime?
A. Sales
B. Journal
C. Purchase
D. Receipt Voucher
Correct Answer: A
57.
What does the Income Statement (Profit and Loss Statement) report?
A. A company's assets and liabilities
B. A company's cash flow activities
C. A company's revenues, expenses, and net income or loss over a period
D. A company's equity transactions
Correct Answer: C
58.
A sales order document contains ___________.
A. Price
B. Quantity
C. Terms
D. All of the above
Correct Answer: D
59.
The billwise feature is activated by default under the company's F11 feature.
A. TRUE
B. FALSE
Correct Answer: B
60.
Liability for reverse charge supply can be viewed under ________.
A. GSTR1 Report
B. GSTR2A Report
C. GSTR3B Report
D. GSTR5 Report
Correct Answer: C
Let me know if you'd like the next set of questions!
contine
Qwen3-235B-A22B
101.
What is the shortcut key to access sales invoices in Tally?
A. F7 Sales
B. F8 Sales
C. F9 Sales
D. F10 Sales
Correct Answer: B
102.
Which of the following can cause data corruption in Tally Prime?
A. Regular data backups
B. Power failures or sudden system shutdowns
C. Accessing Tally data from multiple devices
D. Enabling Tally Vault
Correct Answer: B
103.
To record the supply of trading goods, which of the transactions is suitable to use in Tally Prime?
A. Account Invoice Mode
B. Voucher Mode
C. Item Invoice Mode
D. None of the above
Correct Answer: C
104.
Tally Prime ___________ helps to process and implement the manufacturing cycle.
A. Accounting Feature
B. Inventory Feature
C. Statutory Feature
D. Other Feature
Correct Answer: B
105.
What happens when you create a Group Company in Tally Prime?
A. It merges all companies into a single entity
B. It creates a new company within an existing company
C. It establishes a hierarchical structure with multiple child companies
D. It converts all companies into ledger groups
Correct Answer: C
106.
Voucher classes can be configured for ___________.
A. Contra Voucher
B. Journal Voucher
C. Sales Invoice
D. All of the above
Correct Answer: D
107.
GST was applicable from _________ in India.
A. 1st April 2017
B. 1st July 2017
C. 1st Oct 2017
D. 1st Dec 2017
Correct Answer: B
108.
What is the impact of intrastate supply on the SGST and CGST ledgers in Tally Prime?
A. Both SGST and CGST are applicable
B. Only SGST is applicable
C. Only CGST is applicable
D. No GST is applicable for intrastate supplies
Correct Answer: A
109.
The Export menu option on the Gateway of Tally includes ________.
A. Masters
B. Transactions
C. Configuration
D. All of the above
Correct Answer: D
110.
A Tally user created under user can be marked as active or inactive under the F12 configuration of the user creation page.
A. TRUE
B. FALSE
Correct Answer: A
111.
Which of the following activities cannot be performed under the group company in Tally Prime?
A. Generating a Consolidated Balance Sheet Report
B. Generating a Consolidated Trial Balance
C. Booking a financial transaction
D. Exporting a Consolidated Balance Report
Correct Answer: C
112.
Which of the following inventories was used for production?
A. Raw Material
B. Semi-Finished Goods
C. Finished Goods
D. All of the above
Correct Answer: D
113.
A list of multi-masters contains _________.
A. Multi Create
B. Multi Alter
C. Credit Limit
D. All of the above
Correct Answer: D
114.
Which of the following vouchers should be used to record outward intrastate supply in Tally Prime?
A. Sales
B. Journal
C. Purchase
D. Receipt Voucher
Correct Answer: A
115.
What does the Income Statement (Profit and Loss Statement) report?
A. A company's assets and liabilities
B. A company's cash flow activities
C. A company's revenues, expenses, and net income or loss over a period
D. A company's equity transactions
Correct Answer: C
116.
A sales order document contains ___________.
A. Price
B. Quantity
C. Terms
D. All of the above
Correct Answer: D
117.
The billwise feature is activated by default under the company's F11 feature.
A. TRUE
B. FALSE
Correct Answer: B
118.
Liability for reverse charge supply can be viewed under ________.
A. GSTR1 Report
B. GSTR2A Report
C. GSTR3B Report
D. GSTR5 Report
Correct Answer: C
119.
Data management in Tally Prime includes _________.
A. Data Backup
B. Data Restore
C. Data Repair
D. All of the above
Correct Answer: D
120.
What are the benefits of maintaining the bill-wise feature in Tally Prime?
A. To track invoice-wise billing
B. To generate an invoice-wise outstanding report
C. To extract an age-wise outstanding report
D. All of the above
Correct Answer: D
Let me know if you'd like the next set!
contineu
Qwen3-235B-A22B
Here is the continuation of the structured list of questions with Question Serial Numbers , Options (A, B, C, D) , and the Correct Answer :
121.
What is a debit note in accounting?
A. A financial statement that summarizes a company's revenues and expenses
B. A document sent by a buyer to a seller to request a reduction in the invoice amount
C. A document used to record employee salaries
D. A document sent by a seller to a buyer to request payment
Correct Answer: B
122.
Which of the following payheads is a deduction payhead?
A. Basic Salary
B. House Rent Allowance
C. Professional Tax
D. Children Allowance
Correct Answer: C
123.
What is the impact of intrastate supply on the SGST and CGST ledgers in Tally Prime?
A. Both SGST and CGST are applicable
B. Only SGST is applicable
C. Only CGST is applicable
D. No GST is applicable for intrastate supplies
Correct Answer: A
124.
Who is the founder of Tally Solutions, the company behind Tally software?
A. Shyam Sunder Goenka
B. Bharat Goenka
C. Arjun Bharat Goenka
D. Krishna Das Goenka
Correct Answer: A
125.
The method of stock valuation helps to __________.
A. To determine the profit earned on stock
B. To determine the net closing quantity of stock in books
C. To determine the current value of the unsold stock
D. To determine the closing balance of finished goods
Correct Answer: C
126.
The user login password can be reset or changed by __________.
A. Administrator
B. User himself
C. A and B both
D. None of the above
Correct Answer: C
127.
Which report in Tally Prime provides a summary of stock valuation and the value of closing stock?
A. Sales Summary Report
B. Balance Sheet
C. Stock Summary Report
D. Ledger Statement
Correct Answer: C
128.
Which of the vouchers will not change the inventory balance in the books of accounts?
A. Sales Order
B. Delivery Note
C. Rejection In
D. Sales Invoice
Correct Answer: A
129.
Financial Statement Reports includes ________.
A. Profit and Loss Statement
B. Balance Sheet
C. Cash Flow Statement
D. All of the above
Correct Answer: D
130.
What are the benefits of maintaining the bill-wise feature in Tally Prime?
A. To track invoice-wise billing
B. To generate an invoice-wise outstanding report
C. To extract an age-wise outstanding report
D. All of the above
Correct Answer: D
131.
Which type of businesses or organizations can benefit the most from using the payment advice feature in Tally Prime?
A. Manufacturing companies
B. Retail stores
C. Service providers
D. Any business that regularly issues payments to vendors
Correct Answer: D
132.
Invoices raised with customers will be reported under __________.
A. Receivable Report
B. Payable Report
C. Agewise Report
D. All of the above
Correct Answer: A
133.
GST is a/an ___________ that has replaced many applicable taxes in India.
A. Direct Tax
B. Concurrent Tax
C. Indirect Tax
D. Non-concurrent tax
Correct Answer: C
134.
In Tally Prime, what is the primary purpose of the Purchase Order (PO) module?
A. To record sales transactions
B. To generate invoices for customers
C. To create purchase orders for suppliers
D. To calculate income tax liabilities
Correct Answer: C
135.
Which of the following vouchers should be used to record inward interstate supply in Tally Prime?
A. Sales
B. Journal
C. Purchase
D. Receipt Voucher
Correct Answer: C
136.
While creating a company in Tally data in Tally Prime, ________ currency gets auto-created as the base currency.
A. INR
B. USD
C. AUD
D. SGD
Correct Answer: A
137.
What is stock valuation in Tally Prime?
A. A method to calculate taxes on inventory
B. A process of determining the value of goods held in inventory
C. A report showing the quantity of stock purchased
D. A method to calculate sales discounts on inventory
Correct Answer: B
138.
Tally data can be exported in _________ format.
A. Excel format
B. PDF format
C. XML format
D. All of the above
Correct Answer: D
139.
What is a debit note in accounting?
A. A financial statement that summarizes a company's revenues and expenses
B. A document sent by a buyer to a seller to request a reduction in the invoice amount
C. A document used to record employee salaries
D. A document sent by a seller to a buyer to request payment
Correct Answer: B
140.
What is the purpose of double-entry accounting?
A. To ensure that all transactions are recorded twice
B. To reduce the risk of errors in recording transactions
C. To complicate the accounting process
D. To make financial statements more confusing
Correct Answer: B
141.
While defining the revised salary structure, Tally will allow the user to define the revised salary structure using the start type as __________.
A. Copy from previous value
B. Start Afresh
C. A and B both
D. None of the above
Correct Answer: C
142.
Multi-Currency Feature is a/an __________ in Tally Prime.
A. Accounting
B. Inventory
C. Taxation
D. Other Feature
Correct Answer: A
143.
The voucher class is a table for __________ the entries to make invoice entry a simple task.
A. Predefining
B. Allocation
C. Classification
D. Reporting
Correct Answer: A
144.
What is accounting primarily concerned with?
A. Generating profits
B. Managing human resources
C. Recording, summarizing, and analyzing financial transactions
D. Marketing products and services
Correct Answer: C
145.
In Tally Prime, what is the primary purpose of the Purchase Order (PO) module?
A. To record sales transactions
B. To generate invoices for customers
C. To create purchase orders for suppliers
D. To calculate income tax liabilities
Correct Answer: C
146.
Which of the following payheads is a deduction payhead?
A. Basic Salary
B. House Rent Allowance
C. Professional Tax
D. Children Allowance
Correct Answer: C
147.
How can you adjust the quantity of a specific batch in Tally Prime?
A. By creating a new batch
B. By deleting the existing batch
C. By altering the stock item details
D. By using stock journal vouchers
Correct Answer: D
148.
__________ refers to financial transactions in one or more foreign currencies.
A. Multi-Currency
B. Base Currency
C. Reporting Currency
D. Dual Currency
Correct Answer: A
149.
Which of the following is the shortcut key to access configuration options on a selected page in Tally Prime?
A. F1 Configuration
B. F11 Configuration
C. F12 Configuration
D. F3 Configuration
Correct Answer: C
150.
If the integrate accounts with inventory feature is not activated, then ___________.
A. The closing stock balance will not be added under the financial statement
B. The closing stock balance will not be displayed under the stock register
C. The closing stock balance will be Zero
D. None of the above
Correct Answer: C
Let me know if you'd like the next set (Questions 151–200)!
contine
Qwen3-235B-A22B3:27 pm
Here is the continuation of the structured question list , from Question 201 to 250 , with options and correct answers:
201.
What does Tally Prime use to auto-fetch order details in sales invoices?
A. Stock Item Details
B. Tracking Details
C. Autofill Details
D. Material Dispatch Details
Correct Answer: B
202.
Which of the following is a deduction payhead in Tally Prime?
A. Basic Salary
B. House Rent Allowance
C. Professional Tax
D. Children Allowance
Correct Answer: C
203.
How can you adjust the quantity of a specific batch in Tally Prime?
A. By creating a new batch
B. By deleting the existing batch
C. By altering the stock item details
D. By using stock journal vouchers
Correct Answer: D
204.
Which of the following refers to financial transactions in foreign currencies?
A. Base Currency
B. Reporting Currency
C. Multi-Currency
D. Dual Currency
Correct Answer: C
205.
Which shortcut key opens configuration settings on the current screen in Tally Prime?
A. F1
B. F11
C. F12
D. F3
Correct Answer: C
206.
If "Integrate Accounts with Inventory" is not activated, what happens to closing stock balance?
A. Not added to financial statement
B. Not displayed under stock register
C. Shown as zero
D. None of the above
Correct Answer: C
207.
Which of the following best describes the manufacturing process?
A. Design
B. Processing
C. Quality Control
D. All of the above
Correct Answer: D
208.
Can uniform accounting policies be enforced across companies in a Group Company setup?
A. TRUE
B. FALSE
Correct Answer: A
209.
What is the primary purpose of accounting?
A. Generating profits
B. Managing human resources
C. Recording, summarizing, and analyzing financial transactions
D. Marketing products and services
Correct Answer: C
210.
Which module allows access to banking features in Tally Prime?
A. Payroll
B. Taxation
C. Inventory
D. Accounts
Correct Answer: D
211.
Which report provides a summary of stock valuation and closing stock value?
A. Sales Summary Report
B. Balance Sheet
C. Stock Summary Report
D. Ledger Statement
Correct Answer: C
212.
In a Contra Voucher, which accounts are affected?
A. Income and expense accounts
B. Bank and cash accounts
C. Both income & expense and bank & cash accounts
D. Equity accounts
Correct Answer: B
213.
What does a sales order document contain?
A. Price
B. Quantity
C. Terms
D. All of the above
Correct Answer: D
214.
Is the bill-wise feature activated by default in company features?
A. TRUE
B. FALSE
Correct Answer: B
215.
Where can reverse charge supply liability be viewed?
A. GSTR1 Report
B. GSTR2A Report
C. GSTR3B Report
D. GSTR5 Report
Correct Answer: C
216.
What is included in data management in Tally Prime?
A. Data Backup
B. Data Restore
C. Data Repair
D. All of the above
Correct Answer: D
217.
What are the benefits of maintaining the bill-wise feature in Tally Prime?
A. Track invoice-wise billing
B. Generate invoice-wise outstanding reports
C. Extract age-wise outstanding reports
D. All of the above
Correct Answer: D
218.
Which stock valuation method is suitable for perishable goods?
A. FIFO
B. LIFO
C. Average Cost
D. Last Purchase Cost
Correct Answer: A
219.
Which key combination accesses the receipt note voucher in Tally Prime?
A. ALT+F9
B. CLT+F9
C. ALT+F10
D. CTL+F10
Correct Answer: A
220.
Which option configures cheque printing for payment transactions in Tally Prime?
A. Image Set
B. Enable Cheque Printing
C. Enable Auto-Reconciliation
D. Enable E-Payment
Correct Answer: B
221.
What information is typically recorded in a Purchase Voucher?
A. Customer sales details
B. Goods or services purchased, supplier info, payment details
C. Employee salary details
D. Income earned
Correct Answer: B
222.
Can a user define a stock group and category together while creating a stock item master?
A. TRUE
B. FALSE
Correct Answer: A
223.
What is the primary purpose of the payroll feature in Tally Prime?
A. Accounting Management
B. Financial Reporting
C. Employee Salary Processing
D. HRA Management
Correct Answer: C
224.
Which businesses benefit most from the payment advice feature?
A. Manufacturing companies
B. Retail stores
C. Service providers
D. Any business issuing regular payments to vendors
Correct Answer: D
225.
Who is the founder of Tally Solutions?
A. Bharat Goenka
B. Arjun Bharat Goenka
C. Krishna Das Goenka
D. Shyam Sunder Goenka
Correct Answer: D
226.
What is the primary purpose of the banking feature in Tally Prime?
A. Manage inventory
B. Calculate depreciation
C. Track and record banking transactions
D. Generate profit and loss statements
Correct Answer: C
227.
What does "GST Composition" refer to in Tally Prime?
A. Composition of tax rates
B. Composition of goods and services
C. Composition scheme for small taxpayers
D. Composition of financial statements
Correct Answer: C
228.
What is the purpose of a Contra Voucher in accounting?
A. Record sales
B. Record receipts from customers
C. Record internal fund transfers between cash and bank
D. Record expenses
Correct Answer: C
229.
What should be the transaction mode to print a cheque for a payment voucher?
A. ECS
B. E-Fund Transfer
C. Cheque
D. Card Payment
Correct Answer: C
230.
What is the primary purpose of accounting?
A. Maximize profits
B. Record financial transactions
C. Minimize expenses
D. Manage human resources
Correct Answer: B
231.
When was GST applicable in India?
A. 1st April 2017
B. 1st July 2017
C. 1st Oct 2017
D. 1st Dec 2017
Correct Answer: B
232.
What is the impact of intrastate supply on SGST and CGST ledgers?
A. Both SGST and CGST applicable
B. Only SGST applicable
C. Only CGST applicable
D. No GST applicable
Correct Answer: A
233.
What does the Export menu include on Gateway of Tally?
A. Masters
B. Transactions
C. Configuration
D. All of the above
Correct Answer: D
234.
Can a Tally user be marked active/inactive under F12 configuration?
A. TRUE
B. FALSE
Correct Answer: A
235.
Which activity cannot be performed under a Group Company?
A. Generate Consolidated Balance Sheet
B. Generate Consolidated Trial Balance
C. Booking a financial transaction
D. Export Consolidated Balance Report
Correct Answer: C
236.
Which inventories are used for production?
A. Raw Material
B. Semi-Finished Goods
C. Finished Goods
D. All of the above
Correct Answer: D
237.
What does a multi-masters list contain?
A. Multi Create
B. Multi Alter
C. Credit Limit
D. All of the above
Correct Answer: D
238.
Which voucher records outward intrastate supply?
A. Sales
B. Journal
C. Purchase
D. Receipt Voucher
Correct Answer: A
239.
What does the Income Statement report?
A. Assets and liabilities
B. Cash flow activities
C. Revenues, expenses, and net income over a period
D. Equity transactions
Correct Answer: C
240.
Who generates a sales order?
A. Buyer
B. Seller
C. Customer
D. All of the above
Correct Answer: B
241.
Which letter accesses the Chart of Accounts report from Gateway of Tally?
A. C
B. H
C. A
D. T
Correct Answer: C
242.
When should a Rejection In Voucher be recorded?
A. After Sales Order
B. After Delivery Note
C. After Receipt Note
D. After Sales Invoice
Correct Answer: B
243.
What is the shortcut key to access sales invoices in Tally?
A. F7 Sales
B. F8 Sales
C. F9 Sales
D. F10 Sales
Correct Answer: B
244.
Which of the following can cause data corruption in Tally Prime?
A. Regular backups
B. Power failures or sudden shutdowns
C. Remote access
D. Enabling Tally Vault
Correct Answer: B
245.
Which transaction mode is used for trading goods supply?
A. Account Invoice Mode
B. Voucher Mode
C. Item Invoice Mode
D. None of the above
Correct Answer: C
246.
Which feature helps implement the manufacturing cycle?
A. Accounting Feature
B. Inventory Feature
C. Statutory Feature
D. Other Feature
Correct Answer: B
247.
What happens when a Group Company is created?
A. Merges all companies into one
B. Creates a new company within an existing one
C. Establishes a hierarchical structure with multiple child companies
D. Converts all companies into ledger groups
Correct Answer: C
248.
Can voucher classes be configured for all vouchers?
A. Contra Voucher
B. Journal Voucher
C. Sales Invoice
D. All of the above
Correct Answer: D
249.
What is the shortcut key to create a Sales Voucher?
A. F7
B. F8
C. F9
D. F10
Correct Answer: B
250.
What is the significance of GSTIN in Tally Prime?
A. Employee ID
B. Company Registration Number
C. Unique Identification for GST Compliance
D. Inventory Item Code
Correct Answer: C
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