Q.State any five accounting reports.

Computerised accounting packages like Tally readily produce reports such as the Trial Balance, Trading & P&L Account, Balance Sheet, Cash/Bank book and Stock summary, among others. Accounting reports An accounting report presents accounting information in a structured, meaningful form for decision-making. Once transactions (vouchers) are recorded, a computerised system like Tally instantly generates reports at the click of a button. Any five accounting reports 1. Trial Balance — a statement listing all ledger balances to verify arithmetical accuracy. 2. Trading and Profit & Loss Account — shows gross profit and net profit for the period. 3. Balance Sheet — shows the financial position (assets, liabilities and capital) on a given date. 4. Cash / Bank Book (and Cash Flow statement) — records and summarises cash and bank movements. 5. Stock Summary (Inventory report) — shows quantity and value of closing stock. (Other reports include the Day Book, Ledger accounts, Ratio Analysis and Receivables/Payables state …