Question :

Which of the following shows daily balance for a selected voucher type


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

Answer : A

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


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 - 2


Salary comes under ________ Head


A) Direct expense
B) Current liability
C) Indirect expense
D) Current asset

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Related Questions - 3


A trial balance is a ________


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

View Answer

Related Questions - 4


Which shortcut key is used to view Report with all details in Tally


A) F1
B) Alt + F1
C) F3
D) Alt + F2

View Answer

Related Questions - 5


Suspense Account Group is defined under


A) Income
B) Expenditure
C) Liabilities
D) Assets

View Answer