Tally Comprehensive 4.0 Mock Test -2

Price list can be defined based on different levels of customers to fix the selling price of an item at different rates

• True

• False

While splitting the company data, Tally prime allows entering only the financial beginning date as 'Split from' date.

• True

• False

As per the accounting rule, the drawings account has to be shown as a deduction from the capital account in Balance sheet. Capital account will be debited and Drawings account will be credited while recording a journal voucher in Tally prime

• True

• False

Transportation cost is one of the _____ incurred at the time purchase of stock items

• Additional cost of sales

• Additional cost of purchase

• Additional cost of income

• Additional cost of expense

In Tally prime under Multi user environment, We can access the company data in client system at the same time using ______

• LAN

• WILAN

• VAN

• VLAN

Select the correct perishable goods from the following

• Mobile phone

• Medical supply

• Food items and packaged foods

• Laptop

Accounts receivable also known as

• Current assets

• Debtors

• Creditors

• Current liabilities

In Tally prime while recording the cash deposit transaction in the contra voucher the cash denomination screen appears

• True

• False

The Government had reduced the TDS rates by ____ percentage of the special rates due to pandemic condition for the financial period 2020-2021

• 25%

• 20%

• 15%

• 10%

In Balancesheet report the provisions are listed in Liabilities side

• True

• False