Accounts Groups in Tally.ERP 9

4 stars based on 42 reviews

Bank account is a account Personal 4. The Function key to activate contra voucher is F4 5. Cash book is trading account format in tally like Ledger Account 6. Expense incurred on administration come under expense group Indirect 7.

A separate legal entity treated by the law like a natural person is called Owner 8. Debit is in the side of the account Right 9. Tally is a software Accounting A Petty cash book is usually kept under system Imprest system The date on which a bill falls due for payment is Outstanding Stock in hand is considered to be Asset Trading account format in tally process of transferring information from journal to ledger is called Posting In the Purchases day book, all purchases of goods are recorded Credit Purchase Accounting is also called as Book Keeping The simplest and the most commonly used type of journal is General Journal Investment is a asset Fixed Stock items can be viewed through books Inventory The Trading account of a business concern shows Gross Profit The Profit and Loss account is also known as Income Statement Cash in hand is considered to be asset The left side of an account is called Credit When commission is received, commission account is Credited In Tally F2 is used for A credit balance in the bank column of the cash book denotes Overdraft Stock items can be viewed through Inventory book Depreciation is a diminution in the value of Asset Through we can take print out in Tally A is an evidence of a transaction Voucher It is possible to import data from Vouchers Comparing ratios of different months are called Ratio Analysis The irrecoverable debts are known as Bad debts Sales Returns are trading account format in tally in the book Sales Day Book Loans and advances received are Liabilities The item wages appearing in the trading account is a expense Direct Loans taken from bank is Liability The short cut key to get monthly report is The major recipients of the financial statements are called Investors An entry that belongs to current asset is Debit Depreciation is treated as loss Correctness of recording in books of account is tested by the preparation of Trial balance Discount received is a Income Discount allowed is an Expense A manufacturing account shows Cost of goods manufactured Accounting has aspects Trading account format in tally Tally does not provide calculator - False 2.

Maintain is the compulsory entry for creating company - True 4. Inventory is related to stock - True 5. Voucher types are located in Account Info menu - True 6. Tally is not an accounting package - False 7. On payment of salary to employee salary account is debited - True 8. The bank balance of cash is denoted by trading account format in tally debit balance in bank account - False 9. Journal is a book of account - False The book which contains the various account is known as the ledger - True Trial balance is a statement containing all debit balance - False The best system of petty cash is the imprest system - True The association of costs with the assumed sequences in which goods are used or sold is called cost flow.

The balance sheet is an account - False The item bank account is a fixed asset - False Duties and Taxes are in fixed assets - False Ratio analysis is an entry in the gateway of Tally - True Secured loans are in liabilities - True The total cost of merchandise sold cost of goods sold - True All credit purchases of goods are entered Purchase Daybook - True On payment of salary to employee salary account is Credited - False The bank balance of cash is denoted by a Debit balance in bank account - False In the case of transactions with person the rule is debit the receiver and credit the giver - True The book which contains the various accounts is known as the Journal - False Trial balance is a statement containing all credit balances and debit balances shown separately - True The stock at the close of a period is put on the debit side of the trading account trading account format in tally True The balance sheet is a Statement - True The item cash in hand is a liability - False Plant and Machinery is a current asset - False Posting is related to ledger - True Interest on capital is shown as outstanding asset - False Investors are the major recipients of the financial statements of business enterprises trading account format in tally Discount received is a Income - True What are the concepts of Accounting 2.

Explain Bills Receivable and Bills Payable with examples 3. Explain different types of transactions 4. Explain the 5 errors occurred in Trial Balance 5. What trading account format in tally the facilities in gateway of Tally 6.

What is meant by debit note and credit note 7. Explain security control 8. Explain any 4 voucher types in Tally 9. Explain display menu in Tally How we can post transactions from the journal to the ledger How do you prepare a Trial Balance Distinguish between Accounting control and administrative control In Tally how we can take print outs In Tally how we can take stock summery Describe the Trading account of a business concern Explain about liabilities Describe about voucher types and classes trading account format in tally Distinguish between Accounting and Book Keeping What is the function of financial Statement Explain Journal, posting and general ledger What are the facilities in gateway of Tally What are the different options in Gateway of Tally Explain briefly the imprest system of petty cash Describe different types of reports that we can produce through Tally

Binary options reviews frontstocks reit vs stock market

  • Binary options gorillavid

    Gk goh forex review

  • Why follow a 60 seconds binary options strategy

    Trading capital binary option with no deposit bonus 2014

Amf lautorite des marches financiers met a jour la liste des sites internet non autorises proposant

  • Gas and energy trading services est

    Polynesische mathematik schneller rechnen mit binarzahlenz

  • Bianrie optionen

    Charting binary options edge

  • Marketts binare optionen signale

    Ignoring binary options demo account traderush

60 seconds binary options broker worksheets

50 comments Currency forex online trading broker daycare

How much money to start swing trading

Despite the shift of scale and context, Altorjay could not forget the dominant Cold War rivalry of world powers, governed by a repression of equal scale on both sides as well as their continuous economic and cultural struggle. Harald Falckenberg is a German art collector, founder and owner of the Sammlung Falckenberg in Hamburg-Harburg.

The Falckenberg Collection includes about 2,000 works of contemporary art, with an emphasis on German and American contemporary art of the last 30 years.