18 Questions
What is the purpose of setting a Reorder level in Inventory Management?
To ensure sufficient stock is available for customers
What is the difference between Simple and Advance modes in Reorder level settings?
Simple mode has daily time units, Advance mode has monthly time units
How do you display the Reorder Status in the system?
GOT > Display > Statement of Inventory > Reorder Status > Select Stock item
What is the purpose of batch wise details in Inventory Management?
To track the movements of inventory in batches
What is the significance of manufacturing date and expiry date in batch wise details?
To monitor the expiration dates of perishable goods
What is the correct order of dates in batch wise details?
Manufacturing date < Voucher date < Expiry date
What is the purpose of a Cost Center in an organization?
To allocate costs or expenses
What type of account is 'Project sales' classified under?
Sales Account
What is the correct sequence to create a stock item?
GOT > Inventory info > Stock item > Create
What is the purpose of setting 'Cost center applicable' to 'Yes' in a ledger?
To allocate costs or expenses
What is the correct classification of 'Universal cement' under?
Sundry Creditors
What is the correct sequence to create a Cost Center?
Press F11 and go to Accounting features and set yes to “Maintain Cost center”
What is the type of adjustment used to set payment against expiry of a new reference?
Against Reference
What is the purpose of creating a price list in inventory management?
To maintain different prices for different types of customers
What is the shortcut to display physical stock in inventory management?
Alt + F10
What is the purpose of creating a supplier in accounting?
To create a ledger for the supplier
What is the purpose of setting 'Batches wise details' to yes in inventory management?
To track batch-wise details of stock items
What is the type of adjustment used to make a payment or receipt in advance to making sales?
Advance
Learn how to set the reorder level for stock items in inventory management, including simple and advance modes. Understand the importance of reorder level in ensuring sufficient stock for customers.
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