Question :

Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
D) All of these

Answer : D

Description :


Budget is a plan quantified in monetary terms prepared and approved prior to a defined period of time, usually showing planned income to be generated and/or expenditure to be incurred during that period and the capital to be employed to attain a given objective.


Related Questions - 1


To create Scenario which option requires to be activated


A) Use Rev Journal ; Optional voucher in F12
B) Use Optional voucher in F11
C) Use Reversing voucher in F11
D) Use Rev journal ; Optional voucher in F11

View Answer

Related Questions - 2


If we purchase any fixed asset in credit, we can pass it from


A) Payment mode
B) Receipt mode
C) Purchase mode
D) Contra mode

View Answer

Related Questions - 3


Where do we record cash sales in Tally


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

View Answer

Related Questions - 4


How many options related to Company Features are there in “F11: Features” in Tally


A) 3
B) 2
C) 4
D) 5

View Answer

Related Questions - 5


Default ‘godown’ name in tally is ________


A) Primary
B) Main location
C) A or B
D) None of the above

View Answer