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Discussion :: Tally

  1. Which of the following can be budgeted in tally

    2. A.

     Nett Transactions
    B.

     Closing Balance
    C.

     Both A and B
    D.

     None of the above

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    Answer : Option C

    Explanation :

    Nett Transactions and Closing Balance can be budgeted in tally.
    ‘On Closing Balance’ option is used to compare the closing balances of the Accounts with the budgets in the final statements. ‘On Nett Transactions’ is used to monitor the transaction amounts (not the balances) for a specified period.

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