Question :

A Group Company is ________ given to the merged accounts of member companies of the group


A) a name
B) an identity
C) A and B
D) None of the above

Answer : C

Description :


A Group Company is a name and an identity given to the merged accounts of member companies of the group.


Related Questions - 1


Suspense Account Group is defined under


A) Income
B) Expenditure
C) Liabilities
D) Assets

View Answer

Related Questions - 2


‘Tally vault’ is a ________


A) Security mechanism
B) Ledger a/c
C) Cost category
D) None of the above

View Answer

Related Questions - 3


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

View Answer

Related Questions - 4


Which submenu is used to create new ledgers, groups and voucher types in Tally


A) Account Info
B) Inventory Info
C) Accounting Vouchers
D) Inventory Vouchers

View Answer

Related Questions - 5


Which shortcut key is used in Company Features screen to use Inventory Features in Tally


A) F1
B) F2
C) F3
D) F4

View Answer