Question :

Reversing journal is a


A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these

Answer : B

Description :


Reversing Journals (Non-Accounting/Unconventional Voucher) are special journals that are automatically reversed after a specified date. They exist only till the specified date and are effective only when they are included in reports like the Balance Sheet.

 

Gateway of Tally > Display > Exception Reports > Reversing Journals


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Where do we record transactions of salary, rent or interest paid


A) Contra
B) Journal
C) Receipt
D) Payment

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We can modify an existing Company from


A) Company Info > Alter
B) Company Info > Alter Company
C) Gateway of Tally > Modify Company
D) None of these

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Which menu is used to create new ledgers, groups and voucher types in Tally


A) Reports
B) Import
C) Transactions
D) Masters

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A Group Company is ________ given to the merged accounts of member companies of the group


A) a name
B) an identity
C) A and B
D) None of the above

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To see reports of Job Work Analysis


A) Display > Statements of Accounts > Job Work Analysis
B) Display > Job Work In Reports > Job Work Analysis
C) Display > Statements of Accounts> Cost Centre > Job Work Analysis
D) None of these

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