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


Find out which is not a Default Ledger in Tally


A) Cash in Hand
B) Capital Account
C) Profit & Loss
D) None of these

View Answer

Related Questions - 2


Which of the following is not a disadvantage of introducing computerized accounting system


A) Possible demotivation through reundance
B) High expenditure on set up
C) Saving made on labour cost
D) Required staff training

View Answer

Related Questions - 3


Full form of ODBC


A) Open database connectivity
B) Open database calculating
C) Open document basically
D) Order data base connection

View Answer

Related Questions - 4


What is the predefined number of groups in tally


A) 16
B) 28
C) 128
D) 228

View Answer

Related Questions - 5


Default ‘godown’ name in tally is ________


A) Primary
B) Main location
C) A or B
D) None of the above

View Answer