Cost Centre Management in TallyPrime Quiz

What is the primary function of Cost Centres in TallyPrime?

• To track employee attendance

• To keep track of expenses incurred/ profit earned

• To manage inventory levels

• To generate sales reports

Which key combination is used to create a Cost Centre in TallyPrime?

• Alt+G

• Alt+C

• Ctrl+A

• Shift+M

What feature allows for the parallel allocation of expenses to multiple Cost Centres?

• Cost Ledger

• Cost Class

• Cost Category

• Cost Report

How can you view the consolidated expenses and incomes of Cost Centres under a department?

• Cost Centre Monthly Summary

• Cost Centre Breakup report

• Cost Centre Allocation report

• Cost Centre Summary report

What must be done before deleting a Cost Centre that has allocations?

• Create a new Cost Centre

• Move allocations to another Cost Centre

• Export the data

• Disable the Cost Centre feature

Which option allows you to compare incomes and expenses between different Cost Centres?

• Cost Centre Summary

• Cost Centre Breakup

• Cost Centre Class

• Auto Column

Which of the following is NOT a step in creating a Cost Centre?

• Provide a name and alias

• Select a primary Cost Centre

• Enable Cost Centre in company Features

• Delete existing Cost Centres

What happens if you disable the Cost Centre feature in TallyPrime?

• You will lose all historical data

• You can still view Cost Centre reports

• You cannot allocate expenses to Cost Centres

• You can create new Cost Centres

Which report provides a detailed view of incomes and expenses allocated to a selected Cost Centre?

• Cost Centre Summary

• Cost Centre Allocation Report

• Cost Centre Breakup

• Cost Centre Monthly Summary

What is the maximum number of Cost Centres that can be created in TallyPrime?

• 100

• 200

• 50

• Unlimited