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


Rs. 20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded


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

View Answer

Related Questions - 2


We can see Working Capital figure changing


A) Voucher configuration
B) Profit & Loss configuration
C) Balance Sheet configuration
D) Ledger configuration

View Answer

Related Questions - 3


We can show Bill wise details of Debtors and Creditors by activating


A) Maintain Bill by bill
B) Maintain Bill wise Details
C) Maintain References
D) None of these

View Answer

Related Questions - 4


Default ledger accounts in tally are ________


A) Balance sheet profit & loss and trial balance
B) Profit & loss and trial balance
C) Cash and profit & loss accounts
D) Cash and bank accounts

View Answer

Related Questions - 5


How many types of Measurement Units we can create in Tally


A) 2
B) 3
C) 5
D) Unlimited

View Answer