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 to open company created in Tally
A) Create Company
B) Alter
C) Select Company
D) Shut Company
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
Which option lists inventory valuation method in tally
A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary
Related Questions - 4
Related Questions - 5
Tally package is developed by
A) Peutronics
B) Tally Solutions
C) Coral Softwares
D) Vedika Softwares