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
Which option is used in Tally to make changes in created company
A) Select Company
B) Shut Company
C) Alter
D) None of these
Related Questions - 2
Sales return are recorded in ________ Voucher
A) Sales voucher
B) Debit note
C) Receipt
D) Credit note
Related Questions - 3
Which submenu is used to create new ledgers, groups and voucher types in Tally
A) Account Info
B) Inventory Info
C) Accounting Vouchers
D) Inventory Vouchers
Related Questions - 4
Related Questions - 5
A ________ serves the purpose of both journal and ledger accounts
A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above