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
Related Questions - 2
Which option is used to make changes in created Groups of Ledgers in Tally
A) Create
B) Display
C) Alter
D) Change
Related Questions - 3
BOM represents
A) Billing of Machines
B) Bill of Materials
C) Bill of Maintenance
D) None of these
Related Questions - 4
Which option is used to move from one company to another when more than one companies are open
A) Company Info
B) Shut Company
C) Select Company
D) Company
Related Questions - 5
Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.
A) Lts
B) Nos
C) Kgs
D) Box