Question :

________ gives the balance for each day for the voucher type has been selected.


A) Trial Balance
B) Day book
C) Balance Sheet
D) None of the above

Answer : B

Description :


The Day Book lists all transactions made in a particular day and by default displays the last voucher entry date of a regular voucher. It could also be set up to list all the transactions made over a certain period. Transactions include all financial vouchers, reversing and memorandum journals as well as inventory vouchers.


Related Questions - 1


Reversing journal is a


A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these

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Related Questions - 2


‘Tally vault’ is a ________


A) Security mechanism
B) Ledger a/c
C) Cost category
D) None of the above

View Answer

Related Questions - 3


A trial balance is a ________


A) Ledger
B) Journal
C) Account
D) List

View Answer

Related Questions - 4


‘Allow components list details (Bill of Materials)’ option is activated for


A) Ledgers
B) Cost Category
C) Stock Items
D) Budgets

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Related Questions - 5


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