Chapter Exam

Chapter 10: Introduction to TallyPrime and Accounting for Trading concerns using TallyPrime — Online MCQ Test

Q: What is TallyPrime mainly used for in accounting?

Answer: B. Maintaining computerized accounts — TallyPrime is accounting software used to record, classify, and generate financial reports for business transactions.

Q: In TallyPrime, the first step before entering transactions is usually to create a ______.

Answer: A. company — A company must be created first so that all ledgers, vouchers, and reports are maintained under that business entity.

Q: A trader wants to record money received from a customer for old dues. Which voucher should be used?

Answer: A. Receipt voucher — Receipt voucher is used when money is received, especially from debtors or other sources.

Q: A business buys furniture for cash in TallyPrime. Which is the most suitable entry pattern?

Answer: A. Debit Furniture, Credit Cash — Furniture is an asset purchased, so it is debited and cash is credited because cash goes out.

Q: A trader received cash from the owner as additional investment. Which ledger account is credited?

Answer: B. Capital account — When the owner introduces new capital, Capital account is credited because the business receives additional funds from the owner.

AUDITING · CLASS 12th · Tamil Nadu State Board

Practice Chapter 10: Introduction to TallyPrime and Accounting for Trading concerns using TallyPrime with a free chapter-wise online MCQ test for Tamil Nadu State Board CLASS 12th AUDITING. This chapter covers: Introducing computerized accounting software this chapter covers practical applications of TallyPrime for commercial enterprises. Students learn company creation ledger setup vouch.... AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 10: Introduction to TallyPrime and Accounting for Trading concerns using TallyPrime — Important Questions & Answers (FAQ)

Frequently asked questions from Tamil Nadu State Board CLASS 12th AUDITING — Chapter 10: Introduction to TallyPrime and Accounting for Trading concerns using TallyPrime, with answers and explanations. These are sample questions; the exam has its own separate question set.

What is TallyPrime mainly used for in accounting?

A. Drawing charts and graphs
B. Maintaining computerized accounts ✓
C. Typing only office letters
D. Editing photographs

Answer: B. Maintaining computerized accounts
TallyPrime is accounting software used to record, classify, and generate financial reports for business transactions.

In TallyPrime, the first step before entering transactions is usually to create a ______.

A. company ✓
B. salary sheet
C. stock register
D. trial balance

Answer: A. company
A company must be created first so that all ledgers, vouchers, and reports are maintained under that business entity.

A trader wants to record money received from a customer for old dues. Which voucher should be used?

A. Receipt voucher ✓
B. Journal voucher
C. Sales voucher
D. Contra voucher

Answer: A. Receipt voucher
Receipt voucher is used when money is received, especially from debtors or other sources.

A business buys furniture for cash in TallyPrime. Which is the most suitable entry pattern?

A. Debit Furniture, Credit Cash ✓
B. Debit Cash, Credit Furniture
C. Debit Purchase, Credit Sales
D. Debit Capital, Credit Loan

Answer: A. Debit Furniture, Credit Cash
Furniture is an asset purchased, so it is debited and cash is credited because cash goes out.

A trader received cash from the owner as additional investment. Which ledger account is credited?

A. Drawings account
B. Capital account ✓
C. Sales account
D. Purchase account

Answer: B. Capital account
When the owner introduces new capital, Capital account is credited because the business receives additional funds from the owner.

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Chapter 9: Company Audit

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Chapter 11: Accounting of not for profit organisation using TallyPrime