Mock Test – 3 MIS Reports & Banking

1. Which of the following deposit slips gets generated in Tally Prime?

a. Pay Slip
b. Cheque Deposit Slip
c. Pay in Slip
d. Cash Deposit Slip

2. It is possible to generate stock journal register in tally prime?

a. False
b. True

3. Which of the following reports shows the financial position of the organization?
a. Purchase Register
b. Trading and Profit & Loss A/c
c. Credit Note Register
d. Sales Register
e. Journal Register
f. Balance Sheet

4. What are the details required for enabling payment request to share the payment link /QR code for
UPI in Tally Prime?
a. Registered E-mail
b. Register Mobile
c. Merchant ID
d. UPI ID
e. Merchant Name

5. What is the default period pre-filled for payment link expiry for Razorpay Payment Gateway in Tally
Prime?
a. 365 Days
b. 100 Days
c. 180 Days
d. 120 Days

6. Management information system is needed.

a. Creating Stock Items
b. Recording Transaction
c. Decision Making
d. Creating Ledgers

7. In tally prime, it is possible to print multiple cheques from the cheque printing report.
a. True
b. False
8. Which of the following Payment Gateway are supported in Tally Prime to generate and share
payment links and QR Code with the customers?
a. PayU
b. Razorpay
c. Paytim
d. Bill desk
e. Paypal

9. In tally prime, which of the following details to be entered by enabling the option ‘Set/Alter auto
BRS configuration’ in the bank ledger creation or alteration screen?
a. The folder path for imported bank statements
b. The folder path for exporting bank statements
c. The folder path of company data
d. The folder path for new bank statements

10. A payment advice slip/note is a letter of communication which is sent along with ____ voucher.
a. Payment
b. Contra
c. Sales
d. Receipt

11. Which of the following options are not a part of MIS Reports in tally prime?
a. Sales Register
b. Stock Group Summary
c. Purchase Register
d. Journal Register
e. Cash or Bank Book
f. Stock Category Summary

12. In Tally Prime, the profit and loss account report can be viewed in which of the following formats?
a. Vertical only
b. Vertical and Horizontal
c. Diagonal only
d. Horizontal only

13. Mr. Chandrashekar, accountant of alliance sigma private limited want to view all the sales
transactions with a value greater than Rs.70,000 and has Karnataka series name KA/INV. Which of
the following filter mode helps to fetch the report in Tally Prime?
a. Multi Filter
b. Basic Filter
c. Advance Filter
d. Default Filter

14. In tally prime, if more than two payment transactions are selected in the ‘cheque printing’ report,
then multiple cheques can be printed.
a. True
b. False
15. What are the two copies that will get generated while printing the cheque deposit slip in tally prime
a. Suppliers copy
b. Banker copy
c. Original copy
d. Distributor copy
e. Customers copy
f. Duplicate copy

16. Which of the following are not the accounting registers of tally prime>
a. Receipt Register
b. Delivery Note Register
c. Receipt Note Register
d. Payment Register
e. Journal Register
f. Contra Register

17. To view the reconciled transactions in the bank reconciliation screen of tally prime, which of the
following option must be enabled under basis of value?
a. Include unlinked transactions
b. Included reconciled transactions
c. Type of voucher entries
d. Include all un-reconciled transaction till date

18. ___ helps to fetch the information on which the field value is been looked for after filtering the report
a. F: Filter Details (Alt+F)
b. F: Apply Filter (Ctrl+F)
c. H: Change View (Ctrl+H)
d. F12: Configure

19. Which of the following report doesn’t fall under financial report?
a. Balance Sheet
b. Profit and Loss A/c
c. Stock Summary
d. Ratio Analysis

20. Which of the following actions can be performed from the dashboard screen in tally prime?
a. Delete Masters
b. Add/Remove Tile
c. Delete Voucher
d. Expand Tile
e. Delete Views for Reports

21. In the cheque printing report, using which of the following options the cheque can be re-printed in
Tally Prime?
a. F8: Incl Printed
b. B: Alter Ledger
c. F4: Bank
d. H: Alter Cheque Details
22. In Tally Prime, we can view the Trial Balance report, from Gateway of Tally – Display More
Reports – Trial Balance.
a. True
b. False

23. By default, how many sets of tiles are available in the dashboard in Tally Prime?
a. 9
b. 7
c. 8
d. 10

24. Global Electronics Private Limited has recorded compliance related transactions along with transport
charges. The company wants to view all transactions where transport charges are applicable. In this
scenario, suggest the condition that must be selected on the field “Apply Filter On” and “Look for”
under the Basic Filter Screen.
a. Vouchers and Assessable Value
b. Voucher and Transport Charges
c. Voucher and Global Electronics Private Limited
d. Voucher and Quantity

25. Which of the following report will provide the overview of stockholders equity details?
a. Stock Summary
b. Balance Sheet
c. Profit and Loss A/c
d. Ratio Analysis

26. Once the payment advice is printed from the payment advice report the same can be reprinted by
clicking on which of the following options in Tally Prime?
a. F3: Company
b. F4: Ledger
c. F2: Period
d. B: Basis of Values

27. _____ are used to prepare trial balance

a. Balance sheet
b. General journals
c. Ledger accounts
d. Profit and loss account

28. In Tally Prime, to print multiple cheque from the cheque printing screen, ___ option is used from the
top menu.
a. K: Company
b. P: Print
c. E: Export
d. Z: Exchange
29. Which of the following formats are supported to import the bank statement to auto reconcile the
transactions in tally prime?
a. Bitmap
b. Publisher
c. Word
d. Excel
e. PDF
f. CSV

30. In Tally Prime, it is not possible to print multiple cheque from the cheque printing report.
a. False
b. True

31. ___ features will help to generate and share payment links and QR codes using Payment Gateway or
UPI in Tally Prime.
a. Migration
b. Payment Request
c. Multi GSTIN
d. Report Filter

32. Which of the following are the MIS reports provided in Tally Prime?
a. Statistics
b. Daybook
c. Delivery Note Register
d. Exception Reports
e. Display More Reports
f. Purchase Register

33. In the stock summary report, using which of the following option we can view the negative stock
items in tally prime?
a. B: Basis of Value
b. J: Exception Reports
c. H: Change View
d. F8: Valuation

34. In the bank allocation screen of tally prime, what are the transaction types provided?
a. Cheque
b. Email
c. SMS
d. MMS

35. In which of the following scenario the values will appear in ‘Amounts not reflected in bank’ row in
bank reconciliation screen of Tally Prime?
a. Reconciliation is Done
b. Cash Transaction is Done
c. Reconciliation is Not Done
d. Cash Payment is Done
36. The cash flow statement shows only the actual cash inflow and cash outflow of the business.
a. False
b. True

37. In which of the following period, the trial balance is prepared in the business?
a. At the end of the accounting period
b. At the end of the every quarter
c. At the end of the month
d. At the end of the half year

38. Which of the following details will get printed while printing the payment advice in Tally Prime?
a. Supplier Bank Swift Code
b. Payment Mode
c. Supplier Bank Branch Name
d. Supplier Bank Account No
e. Issued From
f. Supplier Bank BSR Code

39. In tally prime, which of the following tiles by default displays the month wise graphical
representation of date in dashboard?
a. Assets / Liabilities and Top Groups / Ledgers
b. Trading Details and Cash / Bank Accounts
c. Cash In / Out Flow and Receivables / Payables
d. Sales Trend and Purchase Trend

40. One should have the internet connection and a valid ___ in order to get the list of cheque format in
bank ledger creation / alteration screen for printing the cheque in Tallyprime.
a. F11
b. F12
c. TSS
d. TSF

41. Receipts and Payments report is generated to view only the cash transaction in tally prime.
a. True
b. False

42. Which of the following option is used to generate a payment link QR code for already recorded
transactions in Tallyprime?
a. Alt+Z
b. Alt+Y
c. Alt+O
d. Alt+K

43. In which of system the physical cheque movement was replaced with electronic cheque?
a. Cheque Truncation System
b. Cheque Transaction System
c. Cheque Transportation System
d. Cheque Transfer System
44. This will close the report without retaining the configuration and changes you might have done.
Under what circumstances tally prime will display the above message?
a. If user press Esc from the purchase voucher register and dashboard
b. If user press Esc from the change view screen in dashboard
c. If the user presses the Tile configuration screen in the dashboard
d. If user press Esc from the Dashboard

45. From which of the following top menu options, the ‘Default Filter mode for Reports’ can set in Tally
Prime?
a. Alt+O
b. F1: Help
c. Alt+P
d. Alt+E

46. Which of the following accounts may have a credit balance in the balance sheet?
a. Purchase Account
b. Reserve Fund Account
c. Sales Account
d. Trade Expenses Account

47. Which of the following accounting group will fall under profit and loss A/c Report?
a. Duties and Taxes
b. Deposits
c. Sundry Debtors
d. Commission Received

48. Which of the following items appear on the credit side of the Trading account?
a. Wages
b. Electricity Charges
c. Sales
d. Closing Stock
e. Water Charges
f. Packing Charges

49. In Tally prime, under list of masters which of the following master will not appear under the head
inventory masters?
a. Godown
b. Group
c. Stock Item
d. Stock Group

50. ___ is a phase of the accounting cycle that is commonly used in the business.
a. Double Entry
b. Journal Entry
c. Receipt Entry
d. Single Entry
ANSWERS:-

1 B, D 14 A 27 C 40 C
2 B 15 B, E 28 B 41 B
3 B, F 16 B, C 29 D, F 42 A
4 D, E 17 B 30 A 43 A
5 C 18 A 31 B 44 D
6 C 19 C 32 B, F 45 B
7 A 20 B, D 33 B 46 B
8 A, B 21 A 34 A 47 D
9 A, D 22 A 35 C 48 C, D
10 A 23 A 36 B 49 B
11 B, F 24 B 37 A 50 B
12 B 25 B 38 B, E
13 A 26 D 39 D