Advanced Tally Prime with GST Questions Answer

KLIC Advanced Tally Prime with GST Questions Answer

Tally Prime with GST Questions Answer

Q.1Which financial statement presents a summary of a company’s revenues and expenses over a specific period of time?
Balance sheet
Income statemen
Statement of cash flows
Statement of retained earnings

Q. 2 Which of the following is an example of a current liability?
Accounts receivable
Long-term debt
Prepaid expenses
Accounts payable

Q.3 Which of the following financial statements reports a company’s financial position at a specific point in time?
Income statement
Statement of cash flows
Balance sheet
Statement of retained earnings

Q. 4 A Sales or purchase invoice can be recorded under _________.
Item Invoice Mode
Single Entry Mode
Double Entry Mode
Single Double Entry Mode

Q. 5 Use _________ shortcut key to access change mode option under Sales & Purchase Invoice in Tally
ALT+H Change Mode
CLT + H change Mode
ALT + B – Change Mode
CLT+B – Change Mode

Q. 6 In TallyPrime, which voucher type is used to record purchase returns?
Credit Note Voucher
Rejection In Voucher
Rejection Out Voucher
Debit Note Voucher

Q. 7 When recording a purchase transaction in TallyPrime, which of the following accounts is debited?
Sales Account
Purchase Accounts
Cash Account
Bank Account

Q.8 When recording a sales transaction in TallyPrime, which of the following details is typically NOT required?
Debtor Ledger Name
Mode of Payment
Service / Item details
Invoice Number

Q.9 Which of the following contains all the sales vouchers recorded in tally for a period?
Day Book
Trial Balance
Sales Register
Journal Register

Q.10 Enable Tally Audit feature does not appear, reason could be ________
Not activated in F12 Configuration
Not Activated at F11 Company Feature
Control User Access to Company data is set as No
Tally Audit Feature Can be activated under Account Books