Question

After entering all transactions in Tally, the following statement has to be prepared;

(A) Trial Balance (B) Profit and Loss Account

(C) Balance Sheet (D) None of these​

Answer 1

Answer:

it's

(A) Trial Balance.

Answer 2

After entering all transactions in Tally, the Trial Balance statement has to be prepared.  

Trial Balance is a statement summing up the end closing balance of every ledger account, created with the view to check the arithmetical precision of the posting of the ledger. In the Trial balance, all the balances are posted either on the credit side or the debit side of the main statement. The total debit and credit balance should coordinate with each other, only then it will be arithmetically correct.