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 option is used to make changes in created Groups of Ledgers in Tally


A) Create
B) Display
C) Alter
D) Change

View Answer

Related Questions - 2


What is the predefined number of groups in tally


A) 16
B) 28
C) 128
D) 228

View Answer

Related Questions - 3


Which of the following is not a disadvantage of introducing computerized accounting system


A) Possible demotivation through reundance
B) High expenditure on set up
C) Saving made on labour cost
D) Required staff training

View Answer

Related Questions - 4


ERP stands for


A) Enterprise resource planning
B) Economic resource planning
C) Efficient resource planning
D) Economic resource processing

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Related Questions - 5


Which option is used in Tally to close opened Company


A) Alter
B) Shut Company
C) Create Company
D) Select Company

View Answer