We can get the report of Interest from
Account Books
Cash and Fund flow
Inventory Books
Statements of Accounts
198 practice sets · Page 2 of 10
We can get the report of Interest from
Account Books
Cash and Fund flow
Inventory Books
Statements of Accounts
Discount Column is available in
Sales Invoice
Purchase Invoice
Both (a) and (b)
None of these
We can use Stock Journal for
Production and Consumption
Inter Godown transfer for stock
Both (a) and (b)
None of these
What is MRP?
Market Price
Maximum Retail Price
Marginal Price
Minimum Retail Price
We can repeat narration by pressing
Shift + R
Alt + R
Ctrl +
Alt + Shift + R
Retained Earnings is an alias of
Indirect Income
Reserve and Surplus
Capital Account
Investments
Allow components list details (Bill of Materials) option is activated for
Ledgers
Cost Category
Stock Items
Budgets
We can create multiple users in Tally activating
Tally Audit
Use Security Control
Both (a) and (b)
None of these
Input Vat Ledger is created under which account?
Duties & Taxes
Sales
Sales Return
None of these
We can see Working Capital figure changing
Voucher configuration
Profit & Loss configuration
Balance Sheet configuration
Ledger configuration
To print a voucher from Tally we need to press
Ctrl + P
Shift + P
Alt + P
Ctrl + Alt + P
We can see list of Memorandum Vouchers from
Cash/Bank Books
Exception Reports
Accounts Books
Trail Balance
In Tally, there are _________ predefined ledgers
One
Three
Two
Four
Multiple Godowns are activated from
F11
F11 > F1
F11 > F2
F11 > F3
To activate Job Costing which options require to be activated?
Maintain Cost Centre
Use Cost Centre for Job Costing
Both a & b
None of these
How many types of Measurement Units we can create in Tally?
2
3
5
Unlimited
To create Manufacturing Journal which option must be activated
Use Common Narration
Narrations for each entry
Prefilled with Zero
Use as manufacturing Journal
Manufacturing Journal creates based on
Journal
Receipt Note
Stock Journal
Purchase Quotation
MRP formula for inclusive of vat is
{Vat %*( MRP * QTY)}/100
(100*rate of vat)/(100+rateof vat)
Both a & b
None of these
To activate MRP feature from Gateway of Tally initially we need to press
F11
F12
F10
Alt + F1