Tally Questions

Sr.No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48

49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98

99 100

Sundry Creditors Current Liabilities Sundry Creditors

-12 Alt + C is not use for ledger alteration ? TRUE FALSE True

-13 Where you can Display all vouchers ? Display -> Accounts Books Display -> Daybook Display -> Trial Balance Display -> Daybook

-14 Where you can Create Voucher Types ? Accounts Info Inventory Info Both

Both

-15 Can you delete Voucher Types created by user ? Yes (Any Time) Yes (If Blank) You Can't Delete Yes (If Blank)

-16 Where you can enter voucher entries ? Accounting Voucher Inventory Voucher Both Both

-17 Salary Expenses comes under . . . . group? Indirect Expenses Loans and Advance Current Liabilities Indirect Expenses

-18 State the Proper step for Group Creation? Accounts Info -> Ledgers -> Create Accounts Info -> Groups -> Create Accounts Info -> Voucher Types -> Create Accounts Info -> Groups -> Create

-19 If you want to Cancel any Voucher entry which Shortcut key used ? Alt + D Alt + X Ctrl + X Alt + X

-20 How many Predefined Voucher Types are available in Tally.ERP9 ? 16 18 28 18

-21 Mr. Kunj Withdraw cash for Personal Use, What will be the entry pass for the transaction ? Cash A/c to Bank A/c Mr.Kunj Capital A/c to Cash A/c Mr. Kunj Drawing A/c to Cash A/c Mr. Kunj Drawing A/c to Cash A/c

-22 Paid Insurance Expenses, which function key is use ? F5 F6 F7 F5

-23 Security Deposite-Phone Comes Under..... ? Indirect Expenses Deposits (Asset) Fixed Assets Deposits (Asset)

-24 What is the Shortcut Key to Closed/Shut a Company ? F1 Alt + F1 Alt + F3 Alt + F1

-25 Which group we give to the Discount Allowed ? Indirect Expenses Indirect Income Expenses on purchase A/c Indirect Expenses

-26 Give the step to view Trial Balance ? Gateway of Tally -> Trial Balance Gateway of Tally -> Balance Sheet Gateway of Tally -> Display > Trial Balance Gateway of Tally -> Display -> Trial Balance

-27 which Key is use to view the Trial Balance in Detailed format ? Alt + I Alt + F1 Ctrl + V Alt + F1

-28 Which shortcut key is use to change a period of Trial Balance ? F2 Alt+F2 Ctrl+F2 Alt+F2

-29 What Destination will be given while taking back up in Pen Drive ? F A G F

-30 Start up kit and Certificates Ledger Comes Under...... ? Indirect Expenses Fixed Assets Current Assets Current Assets

-31

Give the Step for Back up ? Company Info -> Backup Gateway of Tally -> Alt + F3 -> BackUp Both Both

-32 M.E. Fees comes under..... ? Indirect Incomes Direct Incomes Direct Expenses Indirect Incomes

-33 Mr.Kunj started a new batch of M.E.and Received Registration fees from Nitin Aiyyar of Rs. 500/-which two vouchers c T.P Receipt and Journal Voucher M.E. Receipt and Journal Voucher M.E. Receipt and T.P. Rceipt Voucher M.E. Receipt and Journal Voucher

-34 Electrical Fittings Comes Under..... ? Indirect Expenses Current Assets Fixed Assets Fixed Assets

-35 Picnic Expenses Comes Under Indirect Expenses ?

TRUE FALSE True

-36 Mr. Kunj Deposited the Collection of Fees Rs.5000/- in Bank A/c, what will be the entry for the transaction ? M.E.Fees To Bank A/c Bank A/c To Cash Cash To Bank A/c Bank A/c To Cash

-37 You can't take Backup in CD ? TRUE FALSE True

-38 T.P 1.30 to 3.00 Group Comes Under ? Sundry Debtors Indirect Income 1.30 to 3.00 1.30 to 3.00

-39 Withdraw cash from Bank for Office use , which function key is used ? F5 Payment F4 Contra F7 Journal F4 Contra

-40 Salary Advance comes under..... ? Loans and Advances Current Assets Both Both

-41 Which function key is use for provision entries ? F5 Payment F6 Receipt F7 Journal F7 Journal

-42 How many companies you can create in Tally.ERP9 ? 999 99999 Unlimited Unlimited

-43 on which date all Provision entries are recorded ? 1st April 31st March 31st December 31st March

-44 what will be the Provision entry for Rent Expenses ? Rent Expenses To Rent Expenses Payables Rent Expenses To Cash A/c Rent Payable To Rent Expenses Rent Expenses To Rent Expenses Payables

-45 Prepaid Insurance Comes Under..... ? Current Liabilities Indirect Expenses Current Assets Current Assets

-46 Rs.3600 paid for 01.12.2009 to 31.5.2010, Calculate the prepaid amount ? Rs.2000 Rs.1200 Rs.2400 Rs.1200

-47 Income Tax Expenses comes under ? Duties and Taxes Indirect Expenses Loans and Liabilities Indirect Expenses

-48 Security Control and Tally Vault Password both are same. ? FALSE TRUE Fales

-49 Depreciation A/c Ledger Comes under..... ? Provision Indirect Expenses Fixed Assests Indirect Expenses

-50 Stock of Stationary Consumables Comes under ? Current Assets Fixed Assets Stock in Hand Current Assets

-51 M.E. Receipt Voucher and T.P.Receipt Voucher are same ? TRUE FALSE True

-52 Pass the necessary Journal Voucher for Transfer balance of withdraw to Kunj Capital A/c ?

Drawing A/c to Kunj Capital A/c Withdraw A/c To Cash Kunj Capital A/c To Drawing A/c Kunj Capital A/c To Drawing A/c

-53 while Transfering Profit to Capital A/c Profit and Loss A/c Should be Credited ? TRUE FALSE False

-54 You can delete predefined Ledger of Profit and Loss A/c in Tally.ERP9. ? TRUE FALSE False

-55 State the Step to view Profit and Loss A/c ? Gateway of Tally -> Profit and Loss A/c Gateway of Tally -> Display -> Profit and Loss A/c None of Above Gateway of Tally -> Profit and Loss A/c

-56 IPD Fees Comes Under..... ? Indirect Expenses Indirect Incomes Sundry Debtors Indirect Incomes

-57 Commission Received Comes Under Current Assets ? TRUE FALSE False

-58 Can you enter Voucher Number Manually in Voucher Entry ? Yes No Yes

-59 Give the step of Voucher Type Creation/ Alteration ? Accounts Info -> Vouhcher Type -> Create/ Alter Display -> Voucher Type -> Create/ Alter Accounting Voucher -> Create/ Alter Accounts Info -> Vouhcher Type -> Create/ Alter

-60 Where you can enter Cheque Number in Voucher Entry ? In Reference In Narration In Invoice In Narration

-61 Delete Entry and Cancel Entry both effects same. ? TRUE FALSE False

-62 Can you save company creation screen by using Alt + A ? Yes No No

-63 Which shortcut key is used for Repeat Narration ? Ctrl + V Alt + R Ctrl + R Alt + R

-64 Which shortcut key is use for Ledger or Group Alteration while entering Voucher Entry ? Ctrl + Enter Ctrl + S Ctrl + I Ctrl + Enter

-65 Issued cheque of SBI Bank for Rs. 10000/- by sundry debtors, Which function key is use ?

F4 F5 F6 F6

-66 Where you see pending amount of student ? Display -> Account Books -> Ledgers Display -> Statements of Accounts -> Outstandings -> Ledgers Both Both

-67 Which shortcut key used for Copy Text from Tally.ERP9 ? Alt + C Ctrl + C Ctrl + Alt + C Ctrl + Alt + C

-68 Which shortcut key used for Paste Text in Tally.ERP9 ? Ctrl + P Ctrl + Alt + V Ctrl + V Ctrl + Alt + V

-69 Which Shortcut Key is Used to Add Voucher from Daybook ? Alt + A Ctrl + A

Alt + V Alt + A

-70 Purchase Stationary on Credit from Marshel Stationary,Which Function key is use for this Entry ? F9 Purchase F5 Payment F7 Journal F7 Journal

-71 You can't create Groups while making Vouchers ? TRUE FALSE False

-72 Which Two Ledgers are available default created in Tally.ERP9 ? Cash and Bank A/c Cash and Profit and Loss A/c Profit and Loss A/c and Bank A/c Cash and Profit and Loss A/c

-73 Which voucher you can use for Refund amount to Student for discontinue of Course ? F5 Payment F6 Receipt F7 Journal F7 Journal

-74 After Backup Process,can you use the same Company again ? Yes No Yes

-75 At the time of Restore which option comes first for Restore data ? Source Destination Name of Company Destination

-76 Mr.Kunj appointed Sakshi Joshi as a faculty on a monthly Salary of Rs.5000/- give the Necessary Journal Entry ? Salary Expenses To Cash A/c Sakshi Joshi To Cash A/c None of Above None of Above

-77 Which Shortcut key is used to make duplicate entry in DayBook ? Ctrl + 2 Alt + 2 Ctrl + Alt + 2 Alt + 2

-78 Which Shortcut key is use to Create Ledger or Group in Voucher Entry ? Alt + C Ctrl + C Alt + L Alt + C

-79 Medical Accessories comes under..... ? Current Assets Indirect Expenses Fixed Assets Fixed Assets

-80 Purchase B.P. Machine from Vijaya Surgical of Rs. 50,000/- Which Function Key is use for the entry ? F9 Purchase F5 Payment F7 Journal F7 Journal

-81 where You can see total number of Vouchers or Ledgers or Groups used,Select the right steps ? Display -> Statement of Accounts -> Statistics Display -> Account Books -> Statistics Display -> Day Book Display -> Statement of Accounts -> Statistics

-82

You can't see Group summary by using Trial Balance ? TRUE FALSE False

-83 Select the wrong option from the following ? You can Restore Company for more than One time F11 Features and F12 Configurations are not Same You can Delet any Voucher Type after making entry in it You can Delet any Voucher Type after making entry in it

-84 Which option set to yes to activate Backup and Restore ? Enable Backup of Data Set Backup and Restore None of Above None of Above

-85 Without entering Voucher Number can you Save the Voucher ? Yes No No

-86 Where you can't take Backup ? In Pen Drive In Hard Disk

In CD In CD

-87 At the time of creation of any Masters Name and alise both are use same ? TRUE FALSE True

-88 which Drive is use to take Backup in Flopy ? A Drive C Drive F Drive A Drive

-89 Without Groups can you enter Voucher entry ? Yes No No

-90 Where you can display effect of Voucher entry ? In Display -> Daybook In Display -> Trial Balance In Display -> Statements of Accounts -> Outstandings In Display -> Trial Balance

-91 If you want to use Printing Feature of Tally.ERP9, which voucher type you can use for it ? F6 (Receipt) F7 (Journal) F8 (Sales) F6 (Receipt)

-92 How many Features do you get in F11 in Vol I ? 4 3 2 2

-93 Is it neccesary to create Groups for ledger when you enter Entry ? Yes No

-94 which shortcut key is use to Activate Calculator ? Alt + N Ctrl + N Ctrl + C Ctrl + N

-95 What happen, when you Cancel any Entry from DayBook ? It remove the entry from the Daybook It remove the entry and the effect from Daybook It remove effect but can't remove entry and not use the Voucher Number again It remove effect but can't remove entry and not use the Voucher Number again

-96 Which shortcut key is use to select All Vouchers from Daybook ? Space Alt + Space Ctrl + Space Ctrl + Space

-97 which main Feature implemented in version 8.1. ? Print Invoice Multilingual Payroll Multilingual

-98 Can you use Multilingual Feature in Non Trading Business ? Yes No Yes

-99 Transfer of Profit to capital A/c, which A/c should be debited ?

Mr. Kunj capital A/c Profit and Loss A/c Cash A/c Profit and Loss A/c

-100 Why we do Provision Entries ? for Profit screening to Close the Ledger Accounts All of Above All of Above

questions of tally Who is a Managing Director (MD) of Tally ? What is Tally.ERP9 ? Application Software Accounting and Inventory Software Programming Software Accounting and Inventory Software

-3 The Majour Changes In Software done are developed ...... ? Versions Releases Software Versions

-4 How many types of Software in Tally.ERP9 ? 3 2 1 2

-5 Which is the right steps for create ledgers . . . . ? Account Info -> Ledgers -> Create Inventory Info -> Ledger -> Create Display -> Account Books -> Ledgers -> Create Account Info -> Ledgers -> Create

-6 Deposited cash into the bank, which function key is use ? F5 F7 F4 F4

-7 Multi-Ledger creation use for . . . . ? For Time Saving To Create list of Ledgers Both Both

-8 Which Key is used to change the Features of Tally.ERP9 ? For Time Saving To Create list of Ledgers Both Both

-9 How many predefined groups are available in Tally.ERP9 ? 28 15 20 28

-10 Alt + Delete is use to Delete the ledger ?

TRUE FALSE False

-11 Purchase Stationary from Marshel Stationary on credit, Which group you can give to "Marshel Stationary" ? Sundry Debtors Sundry Creditors Current Liabilities Sundry Creditors

-12 Alt + C is not use for ledger alteration ? TRUE FALSE True

-13 Where you can Display all vouchers ? Display -> Accounts Books Display -> Daybook Display -> Trial Balance Display -> Daybook

-14 Where you can Create Voucher Types ? Accounts Info Inventory Info Both

Both

-15 Can you delete Voucher Types created by user ? Yes (Any Time) Yes (If Blank) You Can't Delete Yes (If Blank)

-16 Where you can enter voucher entries ? Accounting Voucher Inventory Voucher Both Both

-17 Salary Expenses comes under . . . . group? Indirect Expenses Loans and Advance Current Liabilities Indirect Expenses

-18 State the Proper step for Group Creation? Accounts Info -> Ledgers -> Create Accounts Info -> Groups -> Create Accounts Info -> Voucher Types -> Create Accounts Info -> Groups -> Create

-19 If you want to Cancel any Voucher entry which Shortcut key used ? Alt + D Alt + X Ctrl + X Alt + X

-20 How many Predefined Voucher Types are available in Tally.ERP9 ? 16 18 28 18

-21 Mr. Kunj Withdraw cash for Personal Use, What will be the entry pass for the transaction ? Cash A/c to Bank A/c Mr.Kunj Capital A/c to Cash A/c Mr. Kunj Drawing A/c to Cash A/c Mr. Kunj Drawing A/c to Cash A/c

-22 Paid Insurance Expenses, which function key is use ? F5 F6 F7 F5

-23 Security Deposite-Phone Comes Under..... ? Indirect Expenses Deposits (Asset) Fixed Assets Deposits (Asset)

-24 What is the Shortcut Key to Closed/Shut a Company ? F1 Alt + F1 Alt + F3 Alt + F1

-25 Which group we give to the Discount Allowed ? Indirect Expenses Indirect Income Expenses on purchase A/c Indirect Expenses

-26 Give the step to view Trial Balance ? Gateway of Tally -> Trial Balance Gateway of Tally -> Balance Sheet Gateway of Tally -> Display > Trial Balance Gateway of Tally -> Display -> Trial Balance

-27 which Key is use to view the Trial Balance in Detailed format ? Alt + I Alt + F1 Ctrl + V Alt + F1

-28 Which shortcut key is use to change a period of Trial Balance ? F2 Alt+F2 Ctrl+F2 Alt+F2

-29 What Destination will be given while taking back up in Pen Drive ? F A G F

-30 Start up kit and Certificates Ledger Comes Under...... ? Indirect Expenses Fixed Assets Current Assets Current Assets

-31

Give the Step for Back up ? Company Info -> Backup Gateway of Tally -> Alt + F3 -> BackUp Both Both

-32 M.E. Fees comes under..... ? Indirect Incomes Direct Incomes Direct Expenses Indirect Incomes

-33 Mr.Kunj started a new batch of M.E.and Received Registration fees from Nitin Aiyyar of Rs. 500/-which two vouchers can be use fo T.P Receipt and Journal Voucher M.E. Receipt and Journal Voucher M.E. Receipt and T.P. Rceipt Voucher M.E. Receipt and Journal Voucher

-34 Electrical Fittings Comes Under..... ? Indirect Expenses Current Assets Fixed Assets Fixed Assets

-35 Picnic Expenses Comes Under Indirect Expenses ?

TRUE FALSE True

-36 Mr. Kunj Deposited the Collection of Fees Rs.5000/- in Bank A/c, what will be the entry for the transaction ? M.E.Fees To Bank A/c Bank A/c To Cash Cash To Bank A/c Bank A/c To Cash

-37 You can't take Backup in CD ? TRUE FALSE True

-38 T.P 1.30 to 3.00 Group Comes Under ? Sundry Debtors Indirect Income 1.30 to 3.00 1.30 to 3.00

-39 Withdraw cash from Bank for Office use , which function key is used ? F5 Payment F4 Contra F7 Journal F4 Contra

-40 Salary Advance comes under..... ? Loans and Advances Current Assets Both Both

-41 Which function key is use for provision entries ? F5 Payment F6 Receipt F7 Journal F7 Journal

-42 How many companies you can create in Tally.ERP9 ? 999 99999 Unlimited Unlimited

-43 on which date all Provision entries are recorded ? 1st April 31st March 31st December 31st March

-44 what will be the Provision entry for Rent Expenses ? Rent Expenses To Rent Expenses Payables Rent Expenses To Cash A/c Rent Payable To Rent Expenses Rent Expenses To Rent Expenses Payables

-45 Prepaid Insurance Comes Under..... ? Current Liabilities Indirect Expenses Current Assets Current Assets

-46 Rs.3600 paid for 01.12.2009 to 31.5.2010, Calculate the prepaid amount ? Rs.2000 Rs.1200 Rs.2400 Rs.1200

-47 Income Tax Expenses comes under ? Duties and Taxes Indirect Expenses Loans and Liabilities Indirect Expenses

-48 Security Control and Tally Vault Password both are same. ? FALSE TRUE Fales

-49 Depreciation A/c Ledger Comes under..... ? Provision Indirect Expenses Fixed Assests Indirect Expenses

-50 Stock of Stationary Consumables Comes under ? Current Assets Fixed Assets Stock in Hand Current Assets

-51 M.E. Receipt Voucher and T.P.Receipt Voucher are same ? TRUE FALSE True

-52 Pass the necessary Journal Voucher for Transfer balance of withdraw to Kunj Capital A/c ?

Drawing A/c to Kunj Capital A/c Withdraw A/c To Cash Kunj Capital A/c To Drawing A/c Kunj Capital A/c To Drawing A/c

-53 while Transfering Profit to Capital A/c Profit and Loss A/c Should be Credited ? TRUE FALSE False

-54 You can delete predefined Ledger of Profit and Loss A/c in Tally.ERP9. ? TRUE FALSE False

-55 State the Step to view Profit and Loss A/c ? Gateway of Tally -> Profit and Loss A/c Gateway of Tally -> Display -> Profit and Loss A/c None of Above Gateway of Tally -> Profit and Loss A/c

-56 IPD Fees Comes Under..... ? Indirect Expenses Indirect Incomes Sundry Debtors Indirect Incomes

-57 Commission Received Comes Under Current Assets ? TRUE FALSE False

-58 Can you enter Voucher Number Manually in Voucher Entry ? Yes No Yes

-59 Give the step of Voucher Type Creation/ Alteration ? Accounts Info -> Vouhcher Type -> Create/ Alter Display -> Voucher Type -> Create/ Alter Accounting Voucher -> Create/ Alter Accounts Info -> Vouhcher Type -> Create/ Alter

-60 Where you can enter Cheque Number in Voucher Entry ? In Reference In Narration In Invoice In Narration

-61 Delete Entry and Cancel Entry both effects same. ? TRUE FALSE False

-62 Can you save company creation screen by using Alt + A ? Yes No No

-63 Which shortcut key is used for Repeat Narration ? Ctrl + V Alt + R Ctrl + R Alt + R

-64 Which shortcut key is use for Ledger or Group Alteration while entering Voucher Entry ? Ctrl + Enter Ctrl + S Ctrl + I Ctrl + Enter

-65 Issued cheque of SBI Bank for Rs. 10000/- by sundry debtors, Which function key is use ?

F4 F5 F6 F6

-66 Where you see pending amount of student ? Display -> Account Books -> Ledgers Display -> Statements of Accounts -> Outstandings -> Ledgers Both Both

-67 Which shortcut key used for Copy Text from Tally.ERP9 ? Alt + C Ctrl + C Ctrl + Alt + C Ctrl + Alt + C

-68 Which shortcut key used for Paste Text in Tally.ERP9 ? Ctrl + P Ctrl + Alt + V Ctrl + V Ctrl + Alt + V

-69 Which Shortcut Key is Used to Add Voucher from Daybook ? Alt + A Ctrl + A

Alt + V Alt + A

-70 Purchase Stationary on Credit from Marshel Stationary,Which Function key is use for this Entry ? F9 Purchase F5 Payment F7 Journal F7 Journal

-71 You can't create Groups while making Vouchers ? TRUE FALSE False

-72 Which Two Ledgers are available default created in Tally.ERP9 ? Cash and Bank A/c Cash and Profit and Loss A/c Profit and Loss A/c and Bank A/c Cash and Profit and Loss A/c

-73 Which voucher you can use for Refund amount to Student for discontinue of Course ? F5 Payment F6 Receipt F7 Journal F7 Journal

-74 After Backup Process,can you use the same Company again ? Yes No Yes

-75 At the time of Restore which option comes first for Restore data ? Source Destination Name of Company Destination

-76 Mr.Kunj appointed Sakshi Joshi as a faculty on a monthly Salary of Rs.5000/- give the Necessary Journal Entry ? Salary Expenses To Cash A/c Sakshi Joshi To Cash A/c None of Above None of Above

-77 Which Shortcut key is used to make duplicate entry in DayBook ? Ctrl + 2 Alt + 2 Ctrl + Alt + 2 Alt + 2

-78 Which Shortcut key is use to Create Ledger or Group in Voucher Entry ? Alt + C Ctrl + C Alt + L Alt + C

-79 Medical Accessories comes under..... ? Current Assets Indirect Expenses Fixed Assets Fixed Assets

-80 Purchase B.P. Machine from Vijaya Surgical of Rs. 50,000/- Which Function Key is use for the entry ? F9 Purchase F5 Payment F7 Journal F7 Journal

-81 where You can see total number of Vouchers or Ledgers or Groups used,Select the right steps ? Display -> Statement of Accounts -> Statistics Display -> Account Books -> Statistics Display -> Day Book Display -> Statement of Accounts -> Statistics

-82

You can't see Group summary by using Trial Balance ? TRUE FALSE False

-83 Select the wrong option from the following ? You can Restore Company for more than One time F11 Features and F12 Configurations are not Same You can Delet any Voucher Type after making entry in it You can Delet any Voucher Type after making entry in it

-84 Which option set to yes to activate Backup and Restore ? Enable Backup of Data Set Backup and Restore None of Above None of Above

-85 Without entering Voucher Number can you Save the Voucher ? Yes No No

-86 Where you can't take Backup ? In Pen Drive In Hard Disk

In CD In CD

-87 At the time of creation of any Masters Name and alise both are use same ? TRUE FALSE True

-88 which Drive is use to take Backup in Flopy ? A Drive C Drive F Drive A Drive

-89 Without Groups can you enter Voucher entry ? Yes No No

-90 Where you can display effect of Voucher entry ? In Display -> Daybook In Display -> Trial Balance In Display -> Statements of Accounts -> Outstandings In Display -> Trial Balance

-91 If you want to use Printing Feature of Tally.ERP9, which voucher type you can use for it ? F6 (Receipt) F7 (Journal) F8 (Sales) F6 (Receipt)

-92 How many Features do you get in F11 in Vol I ? 4 3 2 2

-93 Is it neccesary to create Groups for ledger when you enter Entry ? Yes No

-94 which shortcut key is use to Activate Calculator ? Alt + N Ctrl + N Ctrl + C Ctrl + N

-95 What happen, when you Cancel any Entry from DayBook ? It remove the entry from the Daybook It remove the entry and the effect from Daybook It remove effect but can't remove entry and not use the Voucher Number again It remove effect but can't remove entry and not use the Voucher Number again

-96 Which shortcut key is use to select All Vouchers from Daybook ? Space Alt + Space Ctrl + Space Ctrl + Space

-97 which main Feature implemented in version 8.1. ? Print Invoice Multilingual Payroll Multilingual

-98 Can you use Multilingual Feature in Non Trading Business ? Yes No Yes

-99 Transfer of Profit to capital A/c, which A/c should be debited ?

Mr. Kunj capital A/c Profit and Loss A/c Cash A/c Profit and Loss A/c

-100 Why we do Provision Entries ? for Profit screening to Close the Ledger Accounts All of Above All of Above

op1 Bharat Goenka

op2 Bharti Goenka

op3 Bharat Agrawal

op4

"Marshel Stationary" ?

of Rs. 500/-which two vouchers can be use for the entry ?

ry for the transaction ?

Necessary Journal Entry ?

ans Bharat Goenka