Trading account format in tally


In the case of transactions with person the rule is debit the receiver and credit the giver - True The stock at the close trading account format in tally a period is put on the debit side of the trading account - True Explain display menu in Tally

All credit purchases of goods are entered Purchase Daybook - True Explain different types of transactions 4. Comparing ratios of different months are called Ratio Analysis

An entry that belongs to current asset is Debit trading account format in tally Describe the Trading account of a business concern The book which contains the various accounts is known as the Journal - False Explain Different types of transactions Discount allowed is an Expense

The journal entries for these transfers would be: Tally does not provide calculator - False 2. Explain the function keys in Key

Inventory is related to stock - True 5. Explain Balance sheet On payment of salary to employee salary account is Credited - False

Explain Different types of transactions Ratio analysis is an entry in the gateway of Tally - True Inventory is related to stock - True 5. The bank balance of cash is denoted by a Debit balance in trading account format in tally account - False Explain the 5 errors occurred in Trial Balance 5.

Depreciation is a diminution in the value of Asset What are the different options in Gateway of Tally Explain Imprest system of petty cash book

Journal The journal entries pertain to the whole of the accounting period. How can we create, alter and delete Units of measure Explain Bills Receivable and Bills Payable with examples 3. Explain Opening Stock and Closing Stock