Question :

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


Which voucher type is used to transfer amount from one bank to another


A) Contra
B) Payment
C) Receipt
D) Post-Dated

View Answer

Related Questions - 2


Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally


A) Journal
B) Payment
C) Contra
D) Receipt

View Answer

Related Questions - 3


We can use Stock Journal for


A) Production and Consumption
B) Inter Godown transfer for stock
C) Both (a) and (b)
D) None of these

View Answer

Related Questions - 4


Which option lists inventory valuation method in tally


A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary

View Answer

Related Questions - 5


Tally package is developed by


A) Peutronics
B) Tally Solutions
C) Coral Softwares
D) Vedika Softwares

View Answer