Maintaining Chart of Accounts

Which menu allows creation of a new Group in TallyPrime?

• Gateway of Tally → Accounts Info → Groups → Create

• Company Info → Create Group

• Display More Reports → Groups → Create

• Inventory Info → Create

What is the shortcut to create a Group from any screen in TallyPrime?

• Alt + C

• Ctrl + G

• Alt + N

• F10

In TallyPrime, 'Sundry Debtors' is classified under which type of group?

• Liabilities

• Assets

• Expenses

• Income

When creating a ledger for GST Output, it should be grouped under:

• Indirect Expenses

• Duties & Taxes

• Current Liabilities

• Current Assets

In TallyPrime, which group would you assign to 'Bank Overdraft' account?

• Loans (Liability)

• Bank Accounts

• Current Liabilities

• Secured Loans

Which option is used to view a list of all existing ledgers?

• Gateway of Tally → Accounts Info → Ledgers → Display

• Company Info → Ledger List

• Display More Reports → Account Books → Ledger

• Gateway of Tally → Ledgers

What is the purpose of Stock Groups in TallyPrime?

• To classify items into categories for reporting

• To track ledger accounts

• To record transactions

• To set voucher numbering

Which shortcut is used to create a Stock Item from any screen?

• Alt + I

• Alt + C

• Ctrl + S

• Alt + N

Voucher numbering methods in TallyPrime can be set under:

• Voucher Type Alteration

• Ledger Creation

• Company Info

• Accounting Features

Which voucher type is used to record purchase returns?

• Purchase

• Credit Note

• Debit Note

• Journal