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Guide for Tally Prime MCQ Questions And Answers

Quiz Tally Prime MCQ Questions And Answers

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Quiz

1/10
Backup restore & security features
Which of the following benefits best describes the advantage of automating backup operations in Tally Prime?
Select the answer
1 correct answer
A.
It reduces manual intervention and ensures timely data recovery.
B.
It increases storage consumption unnecessarily.
C.
It complicates the restoration process.
D.
It eliminates the need for scheduled backups.

Quiz

2/10
Basic of accounting
Which statement best describes the double-entry accounting system?
Select the answer
1 correct answer
A.
Every transaction affects only one account
B.
Every transaction affects two or more accounts
C.
Every transaction is recorded only once
D.
Every transaction is recorded without balancing

Quiz

3/10
Company creation and configuration
What is the first required step when creating a new company in Tally Prime?
Select the answer
1 correct answer
A.
Select Create Company from the Gateway of Tally
B.
Open the Company Alteration menu
C.
Import data from an existing company
D.
Choose the Configuration option

Quiz

4/10
Introduction to tally prime
Which feature of Tally Prime is most beneficial for streamlining business accounting tasks?
Select the answer
1 correct answer
A.
Advanced inventory management
B.
Simplified accounting process
C.
Complex tax computation
D.
Heavy technical configuration

Quiz

5/10
Inventory management
Which stock valuation method in Tally Prime is commonly used for reflecting accurate cost variations in inventory management?
Select the answer
1 correct answer
A.
FIFO
B.
Weighted Average
C.
LIFO
D.
Standard Costing

Quiz

6/10
Master data management
Which of the following best describes master data management in Tally Prime?
Select the answer
1 correct answer
A.
Management of day-to-day transaction entries only
B.
Handling only financial reports and analytics
C.
Centralized management of core business data reused across transactions
D.
Exclusive processing of tax computations

Quiz

7/10
Payroll management
In Tally Prime, which voucher type is specifically designed for recording salary transactions within payroll management?
Select the answer
1 correct answer
A.
Journal Voucher
B.
Payment Voucher
C.
Payroll Voucher
D.
Contra Voucher

Quiz

8/10
Reports and analysis
In Tally Prime, which report is best used for analyzing overall financial performance, including revenues and expenses?
Select the answer
1 correct answer
A.
Sales Register
B.
Profit & Loss Statement
C.
Ledger Report
D.
Trial Balance

Quiz

9/10
Taxation
In Tally Prime, which feature is specifically designed to automate the calculation of applicable taxes during sales transactions?
Select the answer
1 correct answer
A.
Accounting Voucher
B.
GST Computation
C.
Inventory Management
D.
Payroll Processing

Quiz

10/10
Vouchers and transactions
In Tally Prime, which voucher is used primarily for transferring funds between bank and cash accounts?
Select the answer
1 correct answer
A.
Journal Voucher
B.
Contra Voucher
C.
Payment Voucher
D.
Receipt Voucher
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Info quiz:

  • Quiz name:Tally Prime MCQ Questions And Answers
  • Total number of questions:500
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:10 Topics
Study topics:Number of questions:
  • Backup restore & security features:50 Questions
  • Basic of accounting:50 Questions
  • Company creation and configuration:50 Questions
  • Introduction to tally prime:50 Questions
  • Inventory management:50 Questions
  • Master data management:50 Questions
  • Payroll management:50 Questions
  • Reports and analysis:50 Questions
  • Taxation:50 Questions
  • Vouchers and transactions:50 Questions

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