Question :
A) Ledger
B) Journal
C) Account
D) List
Answer : D
A trial balance is a ________
A) Ledger
B) Journal
C) Account
D) List
Answer : D
Description :
Trial balance is a list of ledger accounts balances, showing debit balances and credit balances, separately on a certain date. Trial balance is only a statement not an account. Every transaction has equal debit and credit aspects so that the trial balance possesses equal debit and credit balances. Preparing trial balances periodically will help you to fix errors as soon as it happens.
Related Questions - 1
Which shortcut key is used to view Report with all details in Tally
A) F1
B) Alt + F1
C) F3
D) Alt + F2
Related Questions - 3
Predefined groups are also called as
A) Main group
B) Primary group
C) Statutory group
D) Parent group
Related Questions - 4
Which option is used in Tally to make changes in created company
A) Select Company
B) Shut Company
C) Alter
D) None of these