Question :
A) Group creation window
B) Ledger creation window
C) Inventory creation window
D) Any one of them
Answer : B
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
Recording of actual stock as physically verified or counted is done through
A) Journal
B) Stock Journal
C) Physical Stock
D) Sales
Related Questions - 2
Which of the following is compulsory to create while entry in Accounts with Inventory
A) Stock Groups
B) Stock Items
C) Units of Measure
D) All of these
Related Questions - 3
‘Tally vault’ is a ________
A) Security mechanism
B) Ledger a/c
C) Cost category
D) None of the above
Related Questions - 4
Which ledger is created by Tally automatically as soon as we create a new company
A) Cash
B) Profit ; Loss A/c
C) Capital A/c
D) A and B both
Related Questions - 5
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally
A) Journal
B) Payment
C) Contra
D) Receipt