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
To hide the name of the Company you need to define
A) Security Control
B) Tally Audit
C) Create at least one User
D) Tally Vault Password
Related Questions - 2
Which of the following equation is true for balance sheet
A) Assets = Liabilities + Capital
B) Liabilities = Assets + Capital
C) Capital = Assets + Liabilities
D) All of these
Related Questions - 3
How to activate the tally audit feature in a company
A) Press F11 key
B) During the creation of a company
C) In comp info > security control-option
D) Press F12 key
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Which voucher type is used to transfer amount from one bank to another
A) Contra
B) Payment
C) Receipt
D) Post-Dated
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Salary Account comes under which head
A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses