Question :

Which of the following is not compulsory to create while entry in Accounts with Inventory


A) Stock Groups
B) Stock Items
C) Stock Categories
D) Units of Measure

Answer : C

Description :


Stock Categories offers an alternative classification of Stock Items. Like stock Groups, classification is done based on similarity in behaviour. The advantage of Categorizing items is that you can classify the stock items (based on functionality) together – across different stock groups which enables you to obtain reports on alternatives or substitutes for a stock item. It is not Mandatory. For enabling Stock Category option in the Inventory Info menu, press F11 > Inventory Features > Set Yes for Maintain stock categories .


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Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
D) All of these

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Company features in tally includes


A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above

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By default, which mode is on in Purchase and Sales voucher


A) Normal Mode
B) Item Invoice Mode
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D) None of these

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A) Company Info > Alter
B) Company Info > Alter Company
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How can data be imported in tally


A) One company to another company created within Tally Package
B) Other programs – a spreadsheet or a database file
C) Depends on number of companies
D) Both A and B

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