FSCHOOL QUIZ KNR

What does "Use Expired Batches for Stock items" in inventory configuration enable?

• Prevents expired stock from being invoiced

• Filters out expired items from transactions

• Includes expired batches in transactions

• Exclude expired batches in reports

Enabling which setting allows simultaneous tracking of manufacturing cost components?

• Enable Bill of Materials

• Use Cost Tracking

• Enable Cost Centre

• Enable Cost Category

Which of the following allows predefined ledger allocation during sales voucher entry?

• Ledger Budget

• Voucher Class

• Templates

• Reorder Levels

If a customer buys goods worth ₹80,000 and agreed with 2% cash discount offered for payment within 30 days and pays after 45 days how much he should pay

• ₹80,000

• ₹78,400

• ₹81,600

• ₹79,000

Which option in tally is used to view overdue receivables from Sundry Debtors Group Summary report

• Exception Reports

• Save View

• Change View

• Ledger-wise

In Tally, What happens if duplicate entries exist during import?

• Tally will skip the entries

• Tally will overwrite entries

• Tally gives you an option to combine or ignore

• It shows an error report

If a party ledger has ‘Maintain balances bill-by-bill’ set to No, what is the impact?

• Bills cannot be tracked for that party

• You can still view outstanding reports of that party

• 
  Interest calculation still works for that party

• No impact, it works as usual

Income of a minor child is not clubbed with the parent's income if

• The minor earns income from a fixed deposit

• The minor earns income by winning a lottery

• The minor earns income from manual work or talent

• The minor receives a gift from a relative

Which report in Tally shows the ageing analysis of bills?

• Trial Balance

• Sales Register

• Purchase Register

• Outstanding Receivables/Payables

Arunima is reviewing the financial reports for her business using Tally Prime. She comes across the “Cost Centre Break-up” report. What is the primary purpose of this report?

• Analyzes cost center-wise income/expenses

• Highlights pending invoices

• Analyzes total profit from a project

• Shows GST breakup