Question :

Party account can be created through


A) Group creation window
B) Ledger creation window
C) Inventory creation window
D) Any one of them

Answer : B

Description :


A business deals with customers, wholesalers, retailers and many such business parties on a day-to-day basis. Party ledgers (Accounts) is used to record transactions which may involve receipts or payments, or supplies or receipts from these parties.


Gateway of Tally > Accounts Info. > Ledgers > Create


Related Questions - 1


‘Inventory books’ is used to view


A) Stock Items
B) Group Summary
C) Both A and B above
D) None of these

View Answer

Related Questions - 2


How many groups are pre-defined in Tally


A) 28
B) 30
C) 15
D) 19

View Answer

Related Questions - 3


In tally you get currency symbol option from ________ menu


A) Company creation
B) Stock items units
C) Regional setting
D) None of the above

View Answer

Related Questions - 4


Optional Voucher is one type of


A) Conventional Voucher
B) Unconventional Voucher
C) Both A and B
D) None of these

View Answer

Related Questions - 5


By which option Purchase or Sales register can be viewed


A) Statutory Books
B) Inventory Books
C) Accounts Books
D) Display

View Answer