QUIZ ON : tally-prime - INVENTORY MANAGEMENT

INVENTORY MANAGEMENT

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Question No# : 01 out of 20

In Tally Prime, what is the purpose of the Reorder Level in inventory management?

A. To reorder ledger accounts

B. To set a minimum level of stock before reordering

C. To calculate profit margins

D. To generate financial reports

Question No# : 02 out of 20

What is the role of the Stock Group feature in Tally Prime?

A. To group ledger accounts

B. To group stock items

C. To group manufacturing expenses

D. To group employee salaries

Question No# : 03 out of 20

Which option in Tally Prime is used for managing stock items and inventory?

A. Inventory Voucher

B. Stock Voucher

C. Goods Voucher

D. Stock Summary

Question No# : 04 out of 20

What is the role of the Group feature in Tally Prime?

A. To group ledger accounts for reporting

B. To group employees for payroll calculations

C. To create groups in the organization

D. To manage manufacturing groups

Question No# : 05 out of 20

What is the purpose of the Reorder Level in inventory management in Tally Prime?

A. To reorder ledger accounts

B. To set a minimum level of stock before reordering

C. To calculate profit margins

D. To generate financial reports

Question No# : 06 out of 20

What is the role of the Group feature in Tally Prime?

A. To group ledger accounts for reporting

B. To group employees for payroll calculations

C. To create groups in the organization

D. To manage manufacturing groups

Question No# : 07 out of 20

What is the purpose of the Interest Calculation feature in Tally Prime?

A. To calculate income tax

B. To calculate interest on loans and advances

C. To create ledgers

D. To print invoices

Question No# : 08 out of 20

What is the Full form of BoM in Tally Prime

A. Bill of material

B. Bill of Manufacturing

C. Book of Material

D. Bank of Material

Question No# : 09 out of 20

What does the term Group Break mean in the context of Tally Prime?

A. A function to group ledger accounts

B. A feature to break down financial reports into groups

C. A way to break down data in reports based on a common attribute

D. A security feature to control user access

Question No# : 10 out of 20

What is the purpose of the Reorder Level in inventory management in Tally Prime?

A. To reorder ledger accounts

B. To set a minimum level of stock before reordering

C. To calculate profit margins

D. To generate financial reports

Question No# : 11 out of 20

In Tally Prime, what is the purpose of the Inventory Ageing Analysis report?

A. To analyze the age of employees

B. To analyze the age of inventory items

C. To analyze the age of ledger accounts

D. To analyze the age of fixed assets

Question No# : 12 out of 20

What is the significance of the Physical Stock Voucher type in Tally Prime?

A. To record physical stock transactions

B. To record manufacturing transactions

C. To calculate taxes

D. To manage employee salaries

Question No# : 13 out of 20

What is the role of the Group Break feature in Tally Prime?

A. To group ledger accounts

B. To break down data in reports based on a common attribute

C. To break down manufacturing processes

D. To break down stock levels

Question No# : 14 out of 20

In Tally Prime, what is the purpose of the Stock Query report?

A. To query for stock items

B. To analyze stock transactions

C. To generate stock-related invoices

D. To calculate stock value

Question No# : 15 out of 20

What is the purpose of the "Group" feature in Tally Prime?

A. To organize vouchers based on categories

B. To group companies under one parent company

C. To group related ledger accounts for reporting

D. To create groups of users with specific access rights

Question No# : 16 out of 20

What is the role of the Group Break feature in Tally Prime?

A. To group ledger accounts

B. To break down data in reports based on a common attribute

C. To break down manufacturing processes

D. To break down stock levels

Question No# : 17 out of 20

What is the purpose of the Reversing Journal voucher type in Tally Prime?

A. To reverse financial transactions

B. To record sales transactions

C. To calculate taxes

D. To generate financial statements

Question No# : 18 out of 20

What is the role of the point of sale pos invoice voucher type in tally prime

A. To record purchase transactions

B. To record manufacturing transactions

C. To record sales transactions at the point of sale

D. To record payment transactions

Question No# : 19 out of 20

What is the purpose of the Interest Calculation feature in Tally Prime?

A. To calculate income tax

B. To calculate interest on loans and advances

C. To create ledgers

D. To print invoices

Question No# : 20 out of 20

In Tally Prime, what does the term Group refer to?

A. A set of people in the organization

B. A collection of ledgers of the same nature

C. A type of voucher

D. A type of report