WorksheetsTally Quiz - 8
Total questions: 15
Worksheet time: 21mins
Name
Class
Date
1.
Gross profit can be viewed in ___________
a)
Balance Sheet
b)
Profit and Loss A/c
c)
Trial Balance
d)
Day Book
2.
Which functionality will help you do a month on month comparative analysis of your expenses and incomes?
a)
Auto Column
b)
Show Profits
c)
Alter column
d)
Sorting method
3.
Electricity expenses paid by cash. In this transaction what is reflected as in expenses side of the Profit and loss a/c
a)
Cash
b)
Electricity
c)
Income
d)
Electricity Board A/c
4.
Direct Expenses are reflected in ______________<br />
a)
Profit and loss A/c
b)
Trading A/c
c)
Balance Sheet
d)
Trial Balance
5.
Which Purchase process Tally Follow?
a)
Indent> Purchase Order> Receipt Note> Rejection Out> Purchase> Debit Note
b)
Purchase Order> Receipt Note> Rejection In> Purchase> Debit Note
c)
Purchase order> Receipt Note> Rejection In> Purchase> Credit Note
d)
Purchase order> Reciept Note> Rejection out> Purchase> Debit Note
6.
The business owner wants to see the balances of all the ledgers. Which report should he use?
a)
Profit and Loss A/c
b)
Balance Sheet
c)
Trial Balance
d)
Trading A/c
7.
A business owner wants to view Telephone expenses based on Sales executives (Ramesh and Suresh) and Different projects (Project Alpha and beta). Which feature will help him achieve this analysis?
a)
Cost Centres
b)
Cost Categories
c)
Ledgers
d)
Groups
8.
Cost Category is used for ______________
a)
Making accountig impact of Cost Centres
b)
To enable parallel allocation of costs
c)
To automate allocation of costs in transactions
d)
None of the given options
9.
Passing a stock journal voucher for consuming goods will ____________ of the item in the stock summary
a)
Increase the quantity
b)
Decrease the quantity
c)
No change in the quantity
d)
It's a wrong entry
10.
A customer is at the billing counter and forgot an item. While he has gone to bring the item, the data entry operator wants to create the next bill. Without exiting the voucher, how can he create the next bill?
a)
Alt+C
b)
Alt+V
c)
Alt+N
d)
Alt+A
11.
Suresh, the owner, doesnot want his data entry operators to alter any data of the previous year as the books are closed. Which of the below options will help him restrict altering any transactions of the previous year.
a)
Cut off Date
b)
Back Dated Vouchers
c)
Disallow Create and Alter Vouchers
d)
Print before save
12.
Due to credit sales and purchases made with US businesses, Saral Ltd. wants to analyse whether they have incurred any loss due to currency fluctuations between Rupee and Dollar. Which report in Tally will help them to view the Forex Gain or Loss?
a)
Balance Sheet
b)
Profit & Loss
c)
Party Ledger
d)
Balance sheet and Party Ledger report both
13.
Due to rise in purchase price, the cycle trader wants to increase the price of all the his items by 50%. Which option in price list will help him do so?
a)
Price Level
b)
Revise Price
c)
Enable rounding
d)
Specify rate + 50% in rate field
14.
How can we found the Net Tax Liability amount after deducting the Input GST?
a)
It can be found in GSTR 1 Report
b)
It shows directly in GSTR 3B Report
c)
It is visible in GSTR 2
d)
In GSTR 3B We need to manually deduct the eligible ITC from Tax Amount of outward supplies and inward supplies liable to reverse charge
15.
Assume that We have an outstanding of Rs 10000-/- from a sundry Debtor and the debtor pays Rs 4000/- by Cheque. We have entered the receipt payment by using On Account option. Find out the correct option below?
a)
In Ledger Account of Debtor Debit balance is Rs 6000/- and in Outstanding Receivable Amount is Rs 10000/- under Statement of Account
b)
In Ledger Account of Debtor Debit Balance is Rs 10000/- and in Outstanding Receivable Amount is Rs 6000/- under Statement of Accounts
c)
In Ledger Account of Debtor Debit Balance is Rs 6000/- and Outstanding Receivable Amount is Rs 6000/- under Statement of Accounts
d)
None of the above.
100 %
