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
A ______ is sent to the seller when he is taken back the sold goods
A) Debit note
B) Credit note
C) Proforma invoice
D) Bill
Related Questions - 2
The options ‘use common narration’ and ‘narration each entry’ appear
A) Account creation screen
B) Voucher entry screen
C) F11 Accounting features
D) Voucher type creation screen
Related Questions - 3
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally
A) Journal
B) Payment
C) Contra
D) Receipt
Related Questions - 4
If we purchase any fixed asset in credit, we can pass it from
A) Payment mode
B) Receipt mode
C) Purchase mode
D) Contra mode
Related Questions - 5
Company features in tally includes
A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above