Question :
A) Nett Transactions
B) Closing Balance
C) Both A and B
D) None of the above
Answer : C
Which of the following can be budgeted in tally
A) Nett Transactions
B) Closing Balance
C) Both A and B
D) None of the above
Answer : C
Description :
Nett Transactions and Closing Balance can be budgeted in tally.
‘On Closing Balance’ option is used to compare the closing balances of the Accounts with the budgets in the final statements. ‘On Nett Transactions’ is used to monitor the transaction amounts (not the balances) for a specified period.
Related Questions - 1
Where do we record transactions of salary, rent or interest paid
A) Contra
B) Journal
C) Receipt
D) Payment
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
Tally package is developed by
A) Peutronics
B) Tally Solutions
C) Coral Softwares
D) Vedika Softwares
Related Questions - 5
‘Inventory books’ is used to view
A) Stock Items
B) Group Summary
C) Both A and B above
D) None of these