QUIZ ON : tally-prime - VOUCHERS AND TRANSACTIONS

VOUCHERS AND TRANSACTIONS

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Question No# : 01 out of 36

What is the purpose of the Contra Voucher type in Tally Prime?

A. To record sales transactions

B. To record purchase transactions

C. To record cash and bank transactions in a single voucher

D. To record manufacturing transactions

Question No# : 02 out of 36

In Tally Prime, what is the purpose of the Purchase Order voucher type?

A. To record purchase transactions

B. To record manufacturing transactions

C. To create sales orders

D. To record payment transactions

Question No# : 03 out of 36

What is the function of the Attendance Voucher type in Tally Prime?

A. To record attendance of employees

B. To record sales transactions

C. To calculate overtime pay

D. To record manufacturing transactions

Question No# : 04 out of 36

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# : 05 out of 36

In Tally Prime, what is the purpose of the Job Work Out Order voucher type?

A. To record job applications

B. To record job work transactions

C. To manage job positions

D. To record job payments

Question No# : 06 out of 36

What is the shortcut key to access the Display Day Book in Tally Prime?

A. Alt + D

B. Ctrl + B

C. Alt + F2

D. Ctrl + D

Question No# : 07 out of 36

In Tally Prime, what is the purpose of the Multi-Currency Revaluation feature?

A. To revalue fixed assets

B. To revalue ledger accounts

C. To revalue transactions in multiple currencies

D. To revalue inventory items

Question No# : 08 out of 36

What is the role of the Cost Centre Classes in Tally Prime?

A. To classify cost centres based on their nature

B. To create new cost centres

C. To categorize ledger accounts

D. To set access permissions

Question No# : 09 out of 36

Which type of Tally Voucher is used to record the sale of goods on credit?

A. Payment Voucher

B. Receipt Voucher

C. Sales Voucher

D. Purchase Voucher

Question No# : 10 out of 36

What is the purpose of the Credit Note voucher type in Tally Prime?

A. To record credit card transactions

B. To record purchase transactions

C. To adjust the amount payable to a supplier

D. To record manufacturing transactions

Question No# : 11 out of 36

In Tally Prime, what is the purpose of the Contra Voucher type?

A. To record sales transactions

B. To record purchase transactions

C. To record cash and bank transactions in a single voucher

D. To record manufacturing transactions

Question No# : 12 out of 36

Which report in Tally Prime provides a detailed record of all transactions for a particular period?

A. Trial Balance

B. Day Book

C. Ledger Statement

D. Profit and Loss Statement

Question No# : 13 out of 36

What is the purpose of the Voucher Class feature in Tally Prime?

A. To classify vouchers based on their type

B. To create new ledgers

C. To import data from external sources

D. To configure company settings

Question No# : 14 out of 36

What is the purpose of the Voucher Type Security feature in Tally Prime?

A. To secure the physical vouchers

B. To restrict access to specific voucher types

C. To encrypt voucher data

D. To generate voucher reports

Question No# : 15 out of 36

In Tally Prime, what is the function of the Multi-Currency Revaluation feature?

A. To revalue manufacturing expenses

B. To revalue ledger accounts

C. To revalue transactions in multiple currencies

D. To revalue stock items

Question No# : 16 out of 36

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# : 17 out of 36

What is the function 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# : 18 out of 36

which shortcut key is used to to create a master from a voucher in Tally Prime

A. Shift+C

B. Ctrl+C

C. Alt+C

D. None of these

Question No# : 19 out of 36

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

A. To record manufacturing transactions

B. To record sales transactions

C. To record purchase transactions

D. To record payment transactions

Question No# : 20 out of 36

Which voucher type in Tally Prime is used to record receipt of goods from a supplier?

A. Purchase Voucher

B. Sales Voucher

C. Receipt Voucher

D. Payment Voucher

Question No# : 21 out of 36

What is the purpose of the Job Work In Order voucher type in Tally Prime?

A. To record job applications

B. To record job work transactions

C. To manage job positions

D. To record job payments

Question No# : 22 out of 36

In Tally Prime, what is the purpose of the Manufacturing Journal voucher type?

A. To record manufacturing transactions

B. To record sales transactions

C. To record purchase transactions

D. To record payment transactions

Question No# : 23 out of 36

What is the purpose of the Credit Note voucher type in Tally Prime?

A. To record credit card transactions

B. To record purchase transactions

C. To adjust the amount payable to a supplier

D. To record manufacturing transactions

Question No# : 24 out of 36

What is the purpose of the Job Work Out Order voucher type in Tally Prime?

A. To record job applications

B. To record job work transactions

C. To manage job positions

D. To record job payments

Question No# : 25 out of 36

In Tally Prime, what does the term Reversing Journal voucher type mean?

A. To reverse financial transactions

B. To record sales transactions

C. To calculate taxes

D. To generate financial statements

Question No# : 26 out of 36

In Tally Prime, what is the purpose of the POS Invoice voucher type?

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# : 27 out of 36

In Tally Prime, what is the purpose of the Manufacturing Journal voucher type?

A. To record manufacturing transactions

B. To record sales transactions

C. To record purchase transactions

D. To record payment transactions

Question No# : 28 out of 36

In Tally Prime, what is the significance of the Day Book report?

A. To record daily financial transactions

B. To analyze ledger accounts

C. To review stock levels

D. To calculate income tax

Question No# : 29 out of 36

In Tally Prime, what is the significance of the Multi-Currency feature?

A. To calculate income tax in multiple currencies

B. To manage transactions in multiple currencies

C. To create ledgers for different currencies

D. To generate reports in different languages

Question No# : 30 out of 36

Which voucher type in Tally Prime is used for recording sales transactions?

A. Payment Voucher

B. Receipt Voucher

C. Sales Voucher

D. Purchase Voucher

Question No# : 31 out of 36

What is the purpose of the Credit Note voucher type in Tally Prime?

A. To record credit card transactions

B. To record purchase transactions

C. To adjust the amount payable to a supplier

D. To record manufacturing transactions

Question No# : 32 out of 36

In Tally Prime, what is the purpose of the Job Work Out Order voucher type?

A. To record job applications

B. To record job work transactions

C. To manage job positions

D. To record job payments

Question No# : 33 out of 36

What is the purpose of the Contra Voucher type in Tally Prime?

A. To record sales transactions

B. To record purchase transactions

C. To record cash and bank transactions in a single voucher

D. To record manufacturing transactions

Question No# : 34 out of 36

What is the function of the Zero-Value Entries in Tally Prime?

A. Entries with no financial impact

B. Entries with zero tax amounts

C. Entries with zero stock quantities

D. Entries with zero sales values

Question No# : 35 out of 36

Which module in Tally Prime is used to record day-to-day financial transactions?

A. Payroll

B. Inventory

C. Accounting Vouchers

D. Manufacturing

Question No# : 36 out of 36

In Tally Prime, what is the purpose of the Stock Journal voucher type?

A. To record sales transactions

B. To record manufacturing transactions

C. To adjust stock quantities

D. To calculate taxes