ACCOUNTING AND TALLY PRIME QUIZ

The act of recording a transaction in the journal is called ___________.

• Summarizing

• Vouchering

• Journalising

• Description

Which one of the following financial statements helps in verifying the arithmetical accuracy of posting to the ledger accounts?

• Profit and Loss A/c

• Balance sheet

• Ratio Analysis

• Trial Balance

Which of the following is not a feature of TallyPrime?

• Blazing Speed

• Multi-tasking

• Easy Navigation

• Accounting Software using code

By using which of the following options, we can navigate to reports and vouchers from anywhere to anywhere within TallyPrime?

• G:Go To

• H:Change Mode

• I:More Details

• K:Company

How many Pre-defined groups are available in TallyPrime?

• 26

• 27

• 28

• 29

How many Pre-defined ledgers are available in TallyPrime?

• 2

• 3

• 4

• 5

Which of the following is not an accounting voucher type in TallyPrime?

• Payment

• Contra

• Receipt

• Stock Journal

Depreciation entry should be recorded using Journal voucher in TallyPrime

• TRUE

• FALSE

In TallyPrime, Sales voucher can be recorded with or without inventory details.

• TRUE

• FALSE

Cheque deposited to bank’ entry is recorded the _________voucher in TallyPrime?

• Sales

• Contra

• Journal

• Receipt