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


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Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
D) All of these

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Related Questions - 2


Where do we record cash sales in Tally


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

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Which option is used to move from one company to another when more than one companies are open


A) Company Info
B) Shut Company
C) Select Company
D) Company

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Which of the following can be budgeted in tally


A) Nett Transactions
B) Closing Balance
C) Both A and B
D) None of the above

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Which shortcut key is used to view Report with all details in Tally


A) F1
B) Alt + F1
C) F3
D) Alt + F2

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