Chapter 12: Recording Inventory Details using TallyPrime — Online MCQ Test
AUDITING · CLASS 12th · Tamil Nadu State Board
Practice Chapter 12: Recording Inventory Details using TallyPrime with a free chapter-wise online MCQ test.
This chapter covers: This chapter details stock management and accounting in TallyPrime. Students learn to configure stock groups stock categories stock items units of measure and inventory voucher ent....
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Chapter 12: Recording Inventory Details using TallyPrime — Important Questions & Answers
In TallyPrime, which feature is mainly used to maintain quantity-wise details of goods?
- A. Inventory Management
- B. Payroll Management
- C. Bank Reconciliation
- D. Tax Calculation
Answer: A. Inventory Management
Inventory Management is used to record and track stock items, quantities, and stock-related transactions.
Inventory Management is used to record and track stock items, quantities, and stock-related transactions.
Which of the following is used to classify similar stock items in TallyPrime?
- A. Stock Group
- B. Ledger Group
- C. Cost Centre
- D. Voucher Class
Answer: A. Stock Group
Stock Groups are used to group similar stock items for easy analysis and reporting.
Stock Groups are used to group similar stock items for easy analysis and reporting.
A trader wants to create groups like 'Electronics' and 'Stationery' in TallyPrime. Which feature should be used?
- A. Stock Group
- B. Ledger
- C. Godown
- D. Currency Symbol
Answer: A. Stock Group
Stock Groups help classify items into broad categories such as Electronics and Stationery.
Stock Groups help classify items into broad categories such as Electronics and Stationery.
If a company wants to know the value and quantity of each item stored in different locations, which feature becomes useful?
- A. Godown Management
- B. Payroll Processing
- C. Voucher Numbering
- D. Ratio Analysis
Answer: A. Godown Management
Godowns are used to maintain stock location-wise, helping track inventory in different storage places.
Godowns are used to maintain stock location-wise, helping track inventory in different storage places.
Which is the most appropriate sequence for creating inventory masters in TallyPrime?
- A. Stock Item → Unit of Measure → Stock Group
- B. Unit of Measure → Stock Group → Stock Item
- C. Ledger → Stock Item → Voucher
- D. Voucher → Stock Category → Ledger
Answer: B. Unit of Measure → Stock Group → Stock Item
Units of measure and stock groups are generally created before stock items so that items can be assigned proper classification and quantity units.
Units of measure and stock groups are generally created before stock items so that items can be assigned proper classification and quantity units.