Find out which is not a Default Ledger in Tally
A) Cash in Hand
B) Capital Account
C) Profit & Loss
D) None of these
Answer : B
Description :
There are two pre-defined ledgers available in Tally, 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
Reversing journal is a
A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these
Related Questions - 2
Which option from Company Info. menu is selected to create a new Company in Tally
A) Company Create
B) Create Company
C) Create
D) New Company
Related Questions - 3
We can see list of Memorandum Vouchers from
A) Cash/Bank Books
B) Exception Reports
C) Accounts Books
D) Trial Balance
Related Questions - 4
Which option lists inventory valuation method in tally
A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary
Related Questions - 5
By default, which mode is on in Purchase and Sales voucher
A) Normal Mode
B) Item Invoice Mode
C) Particulars Mode
D) None of these