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Tally Questions

Qno-1.Trial Balance shows what ? Ans:- Each ledger's total Each ledger's opening Each ledger's closing None Qno-2.Profit and loss shows what ? Ans:- All Income and expenditure's differenece Each ledger's opening Each ledger's closing None Qno-3.Balance sheet shows what ? Ans:- All Income and expenditure's differenece Total asset and liabilities value Each ledger's closing None Qno-4.What is book value of the asset and liabilities ? Ans:- All Income and expenditure's differenece Total depreciated asset and liabilities value Each ledger's closing None Qno-5.What is capital gain ? Ans:- All Income and expenditure's differenece Total asset and liabilities value Difference between book value and market value None Qno-6.Depreciation is a which type of expenditure ? Ans:- Indirect expenditure Direct expenditure Each ledger's closing None Qno-7.SGST ,IGST,CGST and cess is what ? Ans:- Sales tax Indirect Tax Provision None Qno-8.Income Tax is which type of tax? Ans:- Indirect tax Direct tax Each ledger's closing None Qno-9.Gift tax is which type of tax ? Ans:- Indirect tax Direct tax Cess None Qno-10.Properties tax is which type of tax ? Ans:- Direct tax Indirect tax Cess None