541.
The rate of trade discount varies with the ----------- purchased
A
Total asset
B
Current asset
C
Quantity
D
None of these
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The rate of trade discount varies with the ----------- purchased
Total asset
Current asset
Quantity
None of these
A............. serves the purpose of both journal and ledger accounts
Journal proper
Purchase day book
Cash book
Any of the above
Trial balance is prepared on............ basis
Monthly
Annually
Half yearly
Any of the above.
Inventory books is used to view
Stock Items
Group Summary
Both A and B above
None of these
Which of the following is compulsory to create while entry in Accounts with Inventory?
Stock Groups
Stock Items
Units of Measure
All of these
Which file in tally is used to record the import activity ?
Tally.dat
Tally.ini
Tally.imp
None of the above
Which of the following is the predefined stock category in tally?
Primary
Symbol
Stock
Main location
Which shortcut key(s) are used to display list of inventory reports within balance sheet?
F8
F9
F10
F11
How many types of users are present in tally?
1
2
3
4
Which shortcut key(s) are used to enter a stock journal in tally?
F7
Control + F7
Alt + F7
Shift + F7
Which of the following shows daily balance for a selected voucher type?
Daybook
Trial Balance
Balance Sheet
None of the above
What is the advantage of a computer-based transaction processing system?
Does not require as stringent a set of internal controls.
Will produce a more accurate set of financial statements.
Eliminates the need to reconcile control accounts and subsidiary ledgers.
Will be more efficient at producing financial statements.
Which of the following file is usually used as a master file?
Inventory subsidiary
Cash disbursements.
Cash receipts.
Payroll transactions.
How can data be imported in tally ?
One company to another company created within Tally Package
Other programs - a spreadsheet or a database file.
Depends on number of companies
Both A and B
Which of the following user type can view audit list?
Tally Vault
Owner
Data Entry
Administrator
Which of the following is used for voucher entry?
Ledger Account
Groups
Sub-Groups
Depends on number of companies
What is the predefined number of groups in tally?
16
28
128
228
How to activate the tally audit feature in a company?
Press F11 key
During the creation of a company
In -comp info -> security control-option
Press F12 key
Which option lists inventory valuation method in tally?
Stock report
Stock journal
Stock analysis
Stock summary
For stock journal entry we press ______________ in tally
F7
Alt + F7
F10
F11