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


Where do we record cash sales in Tally


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

View Answer

Related Questions - 2


Which option is used to view Trial Balance from Gateway of Tally?


A) Gateway of Tally > Reports > Trial Balance
B) Gateway of Tally > Trial Balance
C) Gateway of Tally > Display > Trial Balance
D) None of these

View Answer

Related Questions - 3


Which of the following is not a transaction


A) Goods are purchased on cash basis for Rs 1000
B) Salaries paid for the month of May 20XX
C) Land is purchased for Rs 10 lakhs
D) An employee is dismissed from the job

View Answer

Related Questions - 4


Which of the following is used for voucher entry?


A) Ledger Account
B) Groups
C) Sub-Groups
D) Depends on number of companies

View Answer

Related Questions - 5


Which option is used to view list of Primary and Secondary groups in Tally


A) List of Accounts
B) Accounts
C) List
D) None of these

View Answer