Question :

Which reports are prepared monthly in Tally?


A) Profit ; Loss A/C
B) Balance Sheet
C) Trial Balance
D) Cash Flow of Funds Flow

Answer : C

Description :


Trial balance is a list of ledger accounts balances, showing debit balances and credit balances, separately on a certain date. Trial balance is only a statement not an account. Every transaction has equal debit and credit aspects so that the trial balance possesses equal debit and credit balances. Preparing trial balances monthly will help you to fix errors as soon as it happens.


Related Questions - 1


Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally


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

View Answer

Related Questions - 2


Party account can be created through


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

View Answer

Related Questions - 3


Which menu appears after starting Tally for the first time


A) Gateway of Tally
B) Company Info
C) Display
D) None of these

View Answer

Related Questions - 4


Which option lists inventory valuation method in tally


A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary

View Answer

Related Questions - 5


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

View Answer