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 of the following is the example of external users of accounting information


A) Government
B) Owners
C) Management
D) Employee

View Answer

Related Questions - 2


Company Restore option is available in


A) Company Features
B) Company Information
C) Configuration
D) None of these

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Related Questions - 3


Which option is used to make changes in created Groups of Ledgers in Tally


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

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Related Questions - 4


Which reports are prepared monthly in Tally?


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

View Answer

Related Questions - 5


What is the predefined number of groups in tally


A) 16
B) 28
C) 128
D) 228

View Answer