Cost Center Mgt in Tally - WA

Cost Center Mgt in Tally - WA

10 Qs

quiz-placeholder

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Cost Center Mgt in Tally - WA

Cost Center Mgt in Tally - WA

Assessment

Quiz

Medium

Created by

Geetha Priya T&A KV

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Cost Centres are created for __
Tracking Expenses & profit incurred at department level
To generate Profit & Loss a/c at department level
Both of these

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
We can create Sub-cost centres in TallyPrime
True
False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
Why Cost Category is created?
To classify the Cost Centres
To allocate expenses or profit parallel to cost centres
To group the sub- Cost centres

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The option "Cost centres are applicable" is set to yes by default in which of these ledgers?
Assets
Liabilities
Expenses & Incomes

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

How we account opening balance for Cost centre after the data split?
Record Purchase or Sales as on 1st April and select cost centre in entry
Record Journal voucher as on 1st April with Dr and Cr ledger along with allocation to Cost centre
Enter opening balance in Cost Centre master

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Can I create Budgets for Cost centres?
Yes
No

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Can I allocate Cost centre to Inventory?
Yes
No

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