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
Professionals usually maintain accounts as
A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting
Related Questions - 2
Which of the following is the predefined stock category in tally
A) Primary
B) Symbol
C) Stock
D) Main location
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Salary Account comes under which head
A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses
Related Questions - 4
Related Questions - 5
What is the utility of Tally Vault Password
A) It will lock the period of Company
B) It will lock all voucher entries for that Company
C) It will not show the Company Name in the Company Select List
D) None of these