Question :
A) Vouchers
B) Asset
C) Group
D) None of these
Answer : C
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
Single Entry mode is applicable for
A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these
Related Questions - 2
‘Inventory books’ is used to view
A) Stock Items
B) Group Summary
C) Both A and B above
D) None of these
Related Questions - 3
Default ledger accounts in tally are ________
A) Balance sheet profit & loss and trial balance
B) Profit & loss and trial balance
C) Cash and profit & loss accounts
D) Cash and bank accounts
Related Questions - 4
Optional Voucher is one type of
A) Conventional Voucher
B) Unconventional Voucher
C) Both A and B
D) None of these
Related Questions - 5
Which option is used to view Stock Items or Group Summary
A) Accounts Books
B) Inventory Books
C) Statutory Books
D) Display