Question :
A) Horizontal
B) Vertical
C) A or B
D) None of the above
Answer : C
The Profit & Loss statement can be displayed in ________ format(s).
A) Horizontal
B) Vertical
C) A or B
D) None of the above
Answer : C
Description :
The Profit & Loss A/c is a periodic statement, which shows the net result of business operations for a specified period. All the expenses incurred and incomes earned during the reporting period are recorded here. The Profit & Loss A/c is in horizontal form, by default. It can be view in vertical format by enabling the option Show Vertical Profit & Loss? by clicking F12: Configure
Related Questions - 1
Which option is used to view Trial Balance from Gateway of Tally?
A) Gateway of Tally > Reports > Trial Balance
B) Gateway of Tally > Trial Balance
C) Gateway of Tally > Display > Trial Balance
D) None of these
Related Questions - 2
We can modify an existing Company from
A) Company Info > Alter
B) Company Info > Alter Company
C) Gateway of Tally > Modify Company
D) None of these
Related Questions - 3
Predefined groups are also called as
A) Main group
B) Primary group
C) Statutory group
D) Parent group
Related Questions - 4
Goods returning to a Creditor after challan but before bill we need to pass
A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In
Related Questions - 5
Professionals usually maintain accounts as
A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting