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


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 - 2


Sales return are recorded in ________ Voucher


A) Sales voucher
B) Debit note
C) Receipt
D) Credit note

View Answer

Related Questions - 3


To hide the name of the Company you need to define


A) Security Control
B) Tally Audit
C) Create at least one User
D) Tally Vault Password

View Answer

Related Questions - 4


A company can be deleted only in


A) Display
B) Alter
C) Delete
D) Create

View Answer

Related Questions - 5


Tally package is developed by


A) Peutronics
B) Tally Solutions
C) Coral Softwares
D) Vedika Softwares

View Answer