Question :

Collection of ledgers of same nature is called


A) Vouchers
B) Asset
C) Group
D) None of these

Answer : C

Description :


Group are collection of ledgers of the same nature. An account group is a method of coordinating ledger accounts into a tree structured hierarchy. Each account group is component of either assets, liabilities, income and expenditure.


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

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Related Questions - 2


Party account can be created through


A) Group creation window
B) Ledger creation window
C) Inventory creation window
D) Any one of them

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Related Questions - 3


How many secondary groups are there in Tally


A) 15
B) 13
C) 28
D) 3

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Related Questions - 4


We can change the Company Information from


A) A Company Info > Back up
B) Company Info > Alter
C) Company Info > Split Company Data
D) None of these

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Related Questions - 5


We can show Bill wise details of Debtors and Creditors by activating


A) Maintain Bill by bill
B) Maintain Bill wise Details
C) Maintain References
D) None of these

View Answer