In Tally, there are ________ predefined ledgers.
A) One
B) Two
C) Three
D) Four
Answer : B
Description :
There are two pre-defined ledgers available in Tally.ERP 9, they are:
Cash – This Ledger is created under the Group Cash-in-hand. You can enter the opening balance as on the date of books beginning from. You can also alter the name and even delete the Ledger.
Profit and Loss Account – This Ledger is created under the Group Primary. Previous year’s Profit or Loss is entered as the opening balance for this ledger. The balance entered here is treated as the opening profit/loss and shown in the Balance Sheet as opening balance of Profit and Loss account in the Liabilities side.
You cannot delete this ledger, but you can modify the same.
Related Questions - 1
Party account can be created through
A) Group creation window
B) Ledger creation window
C) Inventory creation window
D) Any one of them
Related Questions - 2
eTCS means
A) Enable Tax Collected at Source
B) Electronic Tax Collected at Source
C) Electric Tax Collected at Source
D) None of these
Related Questions - 3
Where do we record credit purchase of furniture in Tally
A) Purchase
B) Payment
C) Receipt
D) Journal
Related Questions - 4
Transfer of materials from one godown to another godown, use
A) Manufacturing Journal
B) Stock Journal
C) Purchase Journal
D) Both A & B
Related Questions - 5
A ________ serves the purpose of both journal and ledger accounts
A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above