Question :
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
Answer : D
Trial balance is prepared on ________ basis
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
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 key is used to post entry in Debit Note in tally
A) F7
B) F8
C) Ctrl + F9
D) Ctrl + F8
Related Questions - 2
Discount Column is available in
A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these
Related Questions - 3
Related Questions - 4
We can create multiple users in Tally activating
A) Tally Audit
B) Use Security Control
C) Both (a) and (b)
D) None of these
Related Questions - 5
Find out which is not a Default Ledger in Tally
A) Cash in Hand
B) Capital Account
C) Profit & Loss
D) None of these