Question :
A) Profit ; Loss A/C
B) Balance Sheet
C) Trial Balance
D) Cash Flow of Funds Flow
Answer : C
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
Default ‘godown’ name in tally is ________
A) Primary
B) Main location
C) A or B
D) None of the above
Related Questions - 2
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 - 3
BOM represents
A) Billing of Machines
B) Bill of Materials
C) Bill of Maintenance
D) None of these
Related Questions - 4
By which option Purchase or Sales register can be viewed
A) Statutory Books
B) Inventory Books
C) Accounts Books
D) Display
Related Questions - 5
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