Tally Comprehensive 4.0 Mock Test -1

For trading purpose the monetary limit agreed by seller and the buyer for a business is referred to _______

• Receivable

• Ledger

• Payable

• Credit limit

It is possible to create a new voucher type under journal voucher type and enable the option " Tracking the additional cost of purchases" in Tally prime

• True

• False

Which of the following method of adjustment is selected while recording new sales and purchase transactions in Tally prime

• Advance Reference

• Against Reference

• On account Reference

• New Reference

What is the navigation path to change the print title of sales invoice

• Gateway of tally > Daybook > sales Invoice > Press Ctrl P > Current > Press F7

• Gateway of tally > Daybook > sales Invoice > Press Ctrl P > Current > Press F5

• Gateway of tally > Daybook > sales Invoice > Press Ctrl P > Current > Press F8

• Gateway of tally > Daybook > sales Invoice > Press Ctrl P > Current > Press F6

In Banking CTS stands for

• Cheque Transaction Submissions

• Cheque Truncation System

• Cheque Transaction System

• Cheque Transaction System

In double entry System of accounting , the receiving aspect is termed as _____

• Liability Aspect

• Credit Aspect

• Debit Aspect

• Asset Aspect

Which of the following are the inventory masters in Tally Prime

• Ledger

• Chart of Accounts

• Stock Groups

• Groups

In Tally Prime credit limit can be specified for the Ledger account falling under the group of ______

• Sales

• Purchase

• Sundry Debtors

• Current liability

Without quiting the company from Tally Prime, The other user can login as Data entry user using _____ option

• Change User

• Shift user

• Login user

• Create User

Conversion of raw material to finished goods is an activity involved in the supply chain Management

• True

• False