Reserve group accounts in tally is A. 28 B. 30 C. 18 D. 15

28
30
18
15

The correct answer is A. 28.

Reserve group accounts in Tally are used to store information about the company’s reserves. Reserves are funds that are set aside for a specific purpose, such as to meet future obligations or to provide a cushion against unexpected losses.

The following are the 28 reserve group accounts in Tally:

  1. Capital Reserve
  2. General Reserve
  3. Profit and Loss Account Reserve
  4. Share Premium Account
  5. Debenture Redemption Reserve
  6. Investment Fluctuation Reserve
  7. Workmen Compensation Reserve
  8. Employees Provident Fund Reserve
  9. Employees State Insurance Fund Reserve
  10. Gratuity Reserve
  11. Tax Reserve
  12. Sinking Fund
  13. Development Reserve
  14. Reserve for Contingencies
  15. Reserve for Bad and Doubtful Debts
  16. Reserve for Discount on Bonds
  17. Reserve for Discount on Debentures
  18. Reserve for Discount on Bills Payable
  19. Reserve for Discount on Bills Receivable
  20. Reserve for Discount on Acceptances
  21. Reserve for Discount on Remittances
  22. Reserve for Discount on Purchases
  23. Reserve for Discount on Sales
  24. Reserve for Discount on Advances
  25. Reserve for Discount on Loans
  26. Reserve for Discount on Investments
  27. Reserve for Exchange Fluctuations
  28. Reserve for Other Purposes

The following are the brief descriptions of each option:

  • Option A: 28. This is the correct answer.
  • Option B: 30. This is incorrect. There are only 28 reserve group accounts in Tally.
  • Option C: 18. This is incorrect. There are only 28 reserve group accounts in Tally.
  • Option D: 15. This is incorrect. There are only 28 reserve group accounts in Tally.