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
Which ledger is created by Tally automatically as soon as we create a new company
A) Cash
B) Profit ; Loss A/c
C) Capital A/c
D) A and B both
Related Questions - 2
We can get the report of Interest from
A) Account Books
B) Cash and Fund flow
C) Inventory Books
D) Statements of Accounts
Related Questions - 3
Full form of ODBC
A) Open database connectivity
B) Open database calculating
C) Open document basically
D) Order data base connection
Related Questions - 4
Which option is used in Tally to make changes in created company
A) Select Company
B) Shut Company
C) Alter
D) None of these
Related Questions - 5
Integrated accounts with inventory is available in
A) F12 configuration
B) F11 features
C) Inventory info
D) Accounts info