Question :

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


 To get Payroll Reports choose


A) Gateway of Tally > Display
B) Gateway of Tally > Display > Statement of Accounts
C) Gateway of Tally > Display > Statement of Payroll
D) Gateway of Tally > Display > Payroll Reports

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Related Questions - 2


Which option from Company Info. menu is selected to create a new Company in Tally


A) Company Create
B) Create Company
C) Create
D) New Company

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Related Questions - 3


The home screen of tally is also known as


A) Menu bar
B) Gateway of tally
C) Accounts info
D) Button tool bar

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Related Questions - 4


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

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Related Questions - 5


To hide the name of the Company you need to define


A) Security Control
B) Tally Audit
C) Create at least one User
D) Tally Vault Password

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