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


Which menu is used to create new ledgers, groups and voucher types in Tally


A) Reports
B) Import
C) Transactions
D) Masters

View Answer

Related Questions - 2


In general the financial year from shall be from


A) 1st April of any year
B) 31st March of any year
C) All of them are true
D) None of these

View Answer

Related Questions - 3


Where do we record cash sales in Tally


A) Contra
B) Receipt
C) Payment
D) Journal

View Answer

Related Questions - 4


 To get Payroll Reports choose


A) Gateway of Tally > Display
B) Gateway of Tally > Display > Statement of Accounts
C) Gateway of Tally > Display > Statement of Payroll
D) Gateway of Tally > Display > Payroll Reports

View Answer

Related Questions - 5


‘Allow components list details (Bill of Materials)’ option is activated for


A) Ledgers
B) Cost Category
C) Stock Items
D) Budgets

View Answer