13 Best Tally Questions and Answers (Q&A) - ProProfs Discuss

What is the utility of Tally Vault Password?

Malcolm Carneal, Digital Nomad
Answered: Jul 17, 2018

The tally vault password is a great device to ensure the security of the company. It ensures confidentiality and is a useful means of protecting company data from the outsiders. The password is...Read More

3 Answers

981 views

Where should the closing stock appear in?

Anika Nicole, Wordsmith
Answered: Apr 26, 2018

I think the closing stock should appear on Balance Sheet. It is not shown in the Trial Balance because the closing stock is the leftover balance of goods which were bought during an accounting...Read More

2 Answers

597 views

Which financial statements can be made from trial balance?

Markda John
Answered: Jan 01, 2018

The financial statement document that can be made from a trial balance is a balance sheet. It’s basically a snapshot of a year’s financial activity. The assets go on the left side of...Read More

3 Answers

495 views

Which key is used to view next level details of the item on the same screen?

Matz Lewis Clark, College student
Answered: Jan 29, 2019

In Tally, a shortcut to view next level details of an item on that screen is SHIFT+R. Tally is accounting software that also provides a complete business management solution for organizations....Read More

3 Answers

485 views

What can you say about this statements?

Bobby Rickets, Content Reviewer
Answered: May 22, 2019

The statement above is true. A tally is a software that provides business management solutions. It is used for numerous accounting activities. With Tally, budgets can be created for an individual...Read More

2 Answers

480 views

Which account groups can be classified as a Nominal accounts?

F.Brian
Answered: Jan 28, 2018

Nominal accounts are those that record the financial transactions of a business in a particular category instead of with a person or another organization. Nominal accounts are also called...Read More

3 Answers

422 views

Which of the following, contra, payment, capital, or, receipt is not a voucher type?

Ashutosh_naskar
Answered: Apr 19, 2024

Capital

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1 Answer

381 views

What does Trial Balance contain?

John Smith
Answered: Apr 19, 2024

Opening

1 Answer

354 views

What is the system of traversing form Balance sheet to voucher permitting to view all called?

A. Daniels, Professor
Answered: Feb 01, 2019

The answer to this is audit trail. An audit trail is known to be a type of system wherein all of the transactions will be available in a chronological manner. This can be very useful especially...Read More

3 Answers

342 views

What is Money measurement concept?

John Smith
Answered: Apr 19, 2024

Record only those transactions in the book of accounts, which can be expressed in terms of money.

1 Answer

333 views

What changes are carried out in F12?

John Adney
Answered: Dec 11, 2016

Global & will be effective for all working companies

2 Answers

300 views

What key is used in TDS deduction?

John Smith
Answered: Apr 19, 2024

Alt + s

1 Answer

288 views

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