1. Which of the following is compulsory to create while entry in Accounts with Inventory?
A. Stock Groups
B. Stock Items
C. Units of Measure
D. All of these
Answer: (D)
2. ‘Inventory books’ is used to view
A. Stock Items
B. Group Summary
C. Both A and B above
D. None of these
Answer: (C)
3. Trial balance is prepared on............ basis
A. Monthly
B. Annually
C. Half yearly
D. Any of the above.
Answer: (D)
4. A............. serves the purpose of both journal and ledger accounts
A. Journal proper
B. Purchase day book
C. Cash book
D. Any of the above
Answer: (C)
5. The rate of trade discount varies with the ----------- purchased
A. Total asset
B. Current asset
C. Quantity
D. None of these
Answer: (C)
6. A ‘credit note’ is sent by------------- to ----------------
A. Seller, buyer
B. Buyer, seller
C. Customer, seller
D. Creditor, seller
Answer: (A)
7. A ‘Debit note’ is a statement sent to the ------------- by the ----------------
A. Seller, buyer
B. Buyer, seller
C. Customer, seller
D. Creditor, seller
Answer: (A)
8. .......... version of tally was introduced in 2005 to incorporate Indian VAT.
A. 7.2
B. 5.2
C. 8.1
D. 9.1
Answer: (A)
9. In 1988 -------- product is renamed as Tally.
A. Peutronics
B. Calc
C. Coral Softwares
D. Vedika Softwares
B. Stock Items
C. Units of Measure
D. All of these
Answer: (D)
A. Stock Items
B. Group Summary
C. Both A and B above
D. None of these
Answer: (C)
A. Monthly
B. Annually
C. Half yearly
D. Any of the above.
Answer: (D)
A. Journal proper
B. Purchase day book
C. Cash book
D. Any of the above
Answer: (C)
A. Total asset
B. Current asset
C. Quantity
D. None of these
Answer: (C)
A. Seller, buyer
B. Buyer, seller
C. Customer, seller
D. Creditor, seller
Answer: (A)
A. Seller, buyer
B. Buyer, seller
C. Customer, seller
D. Creditor, seller
Answer: (A)
A. 7.2
B. 5.2
C. 8.1
D. 9.1
Answer: (A)
A. Peutronics
B. Calc
C. Coral Softwares
D. Vedika Softwares
Answer: (A)
10. ............... is Tally’s first multi-lingual version.
A. 7.2
B. 5.2
C. 8.1
D. 9.1
Answer: (C)
A. 7.2
B. 5.2
C. 8.1
D. 9.1
Answer: (C)
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