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


Retained Earnings is an alias of


A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments

View Answer

Related Questions - 2


Where do we record transactions of salary, rent or interest paid


A) Contra
B) Journal
C) Receipt
D) Payment

View Answer

Related Questions - 3


To activate Job Costing which options require to be activated


A) Maintain Cost Centre
B) Use Cost Centre for Job Costing
C) Both A and B
D) None of these

View Answer

Related Questions - 4


Which submenu is used to create new ledgers, groups and voucher types in Tally


A) Account Info
B) Inventory Info
C) Accounting Vouchers
D) Inventory Vouchers

View Answer

Related Questions - 5


We can see Working Capital figure changing


A) Voucher configuration
B) Profit & Loss configuration
C) Balance Sheet configuration
D) Ledger configuration

View Answer