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
Which option is used to make changes in created Groups of Ledgers in Tally
A) Create
B) Display
C) Alter
D) Change
Related Questions - 2
Which voucher type is used to transfer amount from one bank to another
A) Contra
B) Payment
C) Receipt
D) Post-Dated
Related Questions - 3
Which option is used to view list of Primary and Secondary groups in Tally
A) List of Accounts
B) Accounts
C) List
D) None of these
Related Questions - 4
Where do we record credit purchase of furniture in Tally
A) Purchase
B) Payment
C) Receipt
D) Journal
Related Questions - 5
Which option from Company Info. menu is selected to create a new Company in Tally
A) Company Create
B) Create Company
C) Create
D) New Company