Drawings account is to be created by linking with
A. Capital
B. Current asset
C. Current liability
D. Drawings
Answer: Option A
Solution(By Examveda Team)
Drawing Account ledger is generally created in the Capital Account group in the Ledger creation screen. So, the Drawings will automatically deducted from the Capital Account in the Balance Sheet.Related Questions on Tally
A. Peutronics
B. Tally Solutions
C. Coral Softwares
D. Vedika Softwares
in general the financial year from shall be from
A. 1st April of any year
B. 31st March of any year
C. All of them are true
D. None of these
Which menu appears after starting Tally for the first time
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
Which option is used in Tally to make changes in created company
A. Select Company
B. Shut Company
C. Alter
D. None of these
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