{"id":15596,"date":"2024-04-15T04:49:45","date_gmt":"2024-04-15T04:49:45","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=15596"},"modified":"2024-04-15T04:49:45","modified_gmt":"2024-04-15T04:49:45","slug":"which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/","title":{"rendered":"Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9c348ad43b9\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Nett Transactions                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Closing Balance                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    Both A and B                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>C. Both A and B<\/strong><\/p>\n<p>A budget is a financial plan for a specific period of time. It helps you to track your income and expenses, and to make sure that you are not spending more money than you earn.<\/p>\n<p>In Tally, you can budget for both nett transactions and closing balances.<\/p>\n<p>A nett transaction is a transaction that results in a change in your account balance. For example, if you buy something for cash, this would <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> be a nett transaction.<\/p>\n<p>A closing balance is the amount of money that you have in your account at the end of a period. For example, if you have $100 in your account at the beginning of the month, and you spend $50 during the month, your closing balance at the end of the month would be $50.<\/p>\n<p>You can budget for both nett transactions and closing balances in Tally. To do this, go to the &#8220;Budget&#8221; menu and select &#8220;New Budget&#8221;. Then, select the type of budget that you want to create (nett transactions or closing balances) and enter the relevant information.<\/p>\n<p>Once you have created your budget, you can track your progress against it by going to the &#8220;Budget&#8221; menu and selecting &#8220;View Budget&#8221;.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li><strong>A. Nett Transactions<\/strong><\/li>\n<\/ul>\n<p>A nett transaction is a transaction that results in a change in your account balance. For example, if you buy something for cash, this would be a nett transaction.<\/p>\n<p>To budget for nett transactions, you need to enter the amount of money that you expect to spend or earn for each transaction. You can also enter the date of the transaction and the category of the transaction.<\/p>\n<ul>\n<li><strong>B. Closing Balance<\/strong><\/li>\n<\/ul>\n<p>A closing balance is the amount of money that you have in your account at the end of a period. For example, if you have $100 in your account at the beginning of the month, and you spend $50 during the month, your closing balance at the end of the month would be $50.<\/p>\n<p>To budget for closing balances, you need to enter the amount of money that you expect to have in your account at the end of each period. You can also enter the date of <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> the period and the category of the period.<\/p>\n<ul>\n<li><strong>C. Both A and B<\/strong><\/li>\n<\/ul>\n<p>You can budget for both nett transactions and closing balances in Tally. To do this, go to the &#8220;Budget&#8221; menu and select &#8220;New Budget&#8221;. Then, select the type of budget that you want to create (nett transactions or closing balances) and enter the relevant information.<\/p>\n<p>Once you have created your budget, you can track your progress against it by going to the &#8220;Budget&#8221; menu and selecting &#8220;View Budget&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above\" \/>\n<meta property=\"og:description\" content=\"Join Our Telegram Channel Subscribe on YouTube\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T04:49:45+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/","og_locale":"en_US","og_type":"article","og_title":"Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above","og_description":"Join Our Telegram Channel Subscribe on YouTube","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T04:49:45+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/","name":"Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T04:49:45+00:00","dateModified":"2024-04-15T04:49:45+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-can-be-budgeted-in-tally-a-nett-transactions-b-closing-balance-c-both-a-and-b-d-none-of-the-above\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Computer fundamentals","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/computer-fundamentals\/"},{"@type":"ListItem","position":4,"name":"Tally","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/computer-fundamentals\/tally\/"},{"@type":"ListItem","position":5,"name":"Which of the following can be budgeted in tally A. Nett Transactions B. Closing Balance C. Both A and B D. None of the above"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/15596"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=15596"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/15596\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=15596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=15596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=15596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}