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WorksheetsMastering Tally Prime
Total questions: 26
Worksheet time: 14mins
What is Tally Prime primarily used for?
Inventory management tool
Customer relationship management software
Project management application
Accounting and financial management software
List one key feature of Tally Prime.
Complex navigation
Limited reporting features
High system requirements
User-friendly interface
How do you create a new invoice in Tally Prime?
Click on 'Reports' and choose 'Sales Summary' to generate an invoice.
Access 'Banking' and select 'Payments' to issue a new invoice.
Go to 'Inventory' and select 'Purchase' to create a new invoice.
Navigate to 'Accounting Vouchers' and select 'Sales' to create a new invoice.
What is the shortcut key to open payment voucher in tally?
Ctrl + O
F5
Shift + T
Alt + G
What feature allows users to customize invoices in Tally Prime?
Receipt Modification option
Invoice Customization feature
Billing Adjustment feature
Invoice Design tool
Which option in Tally Prime is used to view stock reports?
Reports > Customer Analysis
Reports > Financial Statements
Reports > Inventory Books or Stock Summary
Reports > Sales Overview
What is the shortcut for creating a new voucher in Tally Prime?
V
C
X
N
How can you track expenses in Tally Prime?
Generate a profit and loss report.
Create an expense voucher in Tally Prime.
Use a bank statement for tracking.
Record expenses in a spreadsheet.
What is the purpose of the 'Stock Item' in Tally Prime?
The purpose of the 'Stock Item' in Tally Prime is to manage and track inventory.
The 'Stock Item' is for customer relationship tracking.
The 'Stock Item' helps in employee management.
The 'Stock Item' is used for financial reporting.
Describe the process of recording a sales invoice in Tally Prime.
Log a sales invoice by accessing 'Settings', picking 'Invoices', and exporting.
Enter a sales invoice by selecting 'Inventory', clicking 'Add Item', and confirming.
Create a sales invoice by going to 'Reports', choosing 'Sales', and printing.
Record a sales invoice by navigating to 'Vouchers', selecting 'Sales', entering details, and saving.
What is the shortcut key for printing reports in Tally Prime?
Ctrl + R
Shift + P
Ctrl + P
Alt + P
What is the significance of the 'Inventory Vouchers' in Tally Prime?
Inventory Vouchers are essential for setting up payroll in Tally Prime.
Inventory Vouchers help in creating user accounts in Tally Prime.
Inventory Vouchers are used for generating financial reports in Tally Prime.
Inventory Vouchers are significant for managing and tracking inventory transactions in Tally Prime.
Which key is used to create a new company in Tally Prime?
Alt+ f3
Alt + f4
F12
Alt + c
Which option is used to open an existing company?
Select
Shut
Create
Which voucher records .... deposit and withdrawal entries
Payment
Journal
Contra
Sales
Which voucher records non-cash adjustments like Depreciation?
Sales
Receipt
Purchas3
Journal
Ledger deletion is done using which shortcut?
Alt + D
Ctrl + D
F6
F12
Cost Centre is used for:?
Tracking accounting groups
Tracking department-wise income/expense
Printing balance sheet
Creating stock items
To use Cost Category and Cost Centre, first enable from:
F11 (Accounting Features)
F3 (Company)
) F12 (Voucher Entry)
Display Config
Which voucher is used for cash received
Receipt
Receipt note
Purchas3
Sales
The feature that allows Tally to open the last used company automatically on startup is called (a) company on startup.
Which option in Company Data ensures a secure copy of your company data is stored at another location?
Restore
Backup
Split compan
Create company
Accrued Income (Income Earned but Not Received) should be grouped under:
Current liabilities
Indirect income
Secured loans
Current assets
Drawings ledger is grouped under:
Indirect expenses
Drawings a/c
Capital a/c
Prepaid expenes
Do we need to create cost centre class in pre defined cost centre?
Yes
No
We don't need to create cost centre class when there is no pre defined cost centre
True
.....
False
