MCQ on Tally Prime Set 4

MCQ on Tally Prime Set 4

Inventory & Stock (21–40)

21. Which menu is used to create stock items in Tally Prime?
    a) Inventory Info ✅
    b) Display
    c) Features
    d) Configuration

22. Which unit type is used to measure items in Tally?
    a) Inventory
    b) Quantity
    c) Units of Measure ✅
    d) Stock Group

23. Which shortcut is used to create a stock item during voucher entry?
    a) Alt + C ✅
    b) Ctrl + I
    c) Alt + S
    d) Ctrl + C

24. Which group is used for raw materials?
    a) Sales Group
    b) Finished Goods
    c) Raw Materials ✅
    d) Consumables

25. Stock category helps in:
    a) Creating ledger
    b) Filtering items ✅
    c) Calculating VAT
    d) Displaying company info

26. Godown is used to:
    a) Track payments
    b) Store inventory items ✅
    c) Manage payroll
    d) Generate reports

27. Which shortcut is used to view Stock Summary?
    a) Alt + F1
    b) Alt + G → Stock Summary ✅
    c) F8
    d) F6

28. What is BOM in Tally Prime?
    a) Bank of Money
    b) Bill of Materials ✅
    c) Basis of Market
    d) Balance of Management

29. To enable Inventory in Tally, go to:
    a) F11: Features ✅
    b) F12: Config
    c) Gateway
    d) Company Info

30. Which voucher is used for material consumption?
    a) Receipt
    b) Journal
    c) Manufacturing Journal ✅
    d) Contra

31. Which of the following is a stock report?
    a) Trial Balance
    b) Ledger Summary
    c) Movement Analysis ✅
    d) Day Book

32. Stock Group is used for:
    a) Grouping ledgers
    b) Grouping items ✅
    c) Grouping taxes
    d) Grouping companies

33. Reorder levels help in:
    a) Costing
    b) Inventory Planning ✅
    c) Creating Ledger
    d) Deleting stock items

34. Consumption of items is recorded through:
    a) Payment Voucher
    b) Manufacturing Journal ✅
    c) Receipt
    d) Contra

35. The report that shows inward and outward movement of goods is:
    a) Day Book
    b) Movement Analysis ✅
    c) Stock Summary
    d) Trial Balance

36. Which voucher is used for recording loss of stock?
    a) Stock Journal ✅
    b) Contra
    c) Journal
    d) Payment

37. Physical Stock Voucher is used to:
    a) Transfer money
    b) Adjust inventory physically ✅
    c) Record purchases
    d) Export data

38. Can we manage multiple godowns in Tally Prime?
    a) No
    b) Yes ✅
    c) Only 2
    d) Only with GST

39. Which voucher helps in transfer of inventory between godowns?
    a) Receipt
    b) Payment
    c) Stock Journal ✅
    d) Contra

40. What is the primary unit of measure in stock?
    a) Group
    b) Voucher
    c) Simple or Compound Unit ✅
    d) Ledger