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.


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Suspense Account Group is defined under


A) Income
B) Expenditure
C) Liabilities
D) Assets

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Related Questions - 2


A trial balance is a ________


A) Ledger
B) Journal
C) Account
D) List

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Related Questions - 3


We can show Bill wise details of Debtors and Creditors by activating


A) Maintain Bill by bill
B) Maintain Bill wise Details
C) Maintain References
D) None of these

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


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

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Related Questions - 5


Salary Account comes under which head


A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses

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