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


A ________ serves the purpose of both journal and ledger accounts


A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above

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Related Questions - 2


Which of the following equation is true for balance sheet


A) Assets = Liabilities + Capital
B) Liabilities = Assets + Capital
C) Capital = Assets + Liabilities
D) All of these

View Answer

Related Questions - 3


Which option lists inventory valuation method in tally


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

View Answer

Related Questions - 4


“Alias” represents


A) Short name
B) Nick name
C) Code name
D) All of these

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Related Questions - 5


Which account is the odd one


A) Furniture
B) Land and buildings
C) Stock of raw materials
D) Plant and machinery

View Answer