BOM represents
A) Billing of Machines
B) Bill of Materials
C) Bill of Maintenance
D) None of these
Answer : B
Description :
A bill of materials (BOM) is a comprehensive inventory of the raw materials, assemblies, subassemblies, parts and components, as well as the quantities of each, needed to manufacture a product. This facilitates immediate reduction in stock of the item automatically. This process of listing the items that make up another item is made possible in Tally by enabling the Bill of Materials Facility.
Bill of Material (BoM) is created only for those items that are being assembled in-house. Therefore, you need to specify a BoM at the time of creating a Stock Item or while altering the stock item. For trading items, you do not need a BoM.
Related Questions - 1
Which ledger is created by Tally automatically as soon as we create a new company
A) Cash
B) Profit ; Loss A/c
C) Capital A/c
D) A and B both
Related Questions - 2
Which menu is used to create new ledgers, groups and voucher types in Tally
A) Reports
B) Import
C) Transactions
D) Masters
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Integrated accounts with inventory is available in
A) F12 configuration
B) F11 features
C) Inventory info
D) Accounts info
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ERP stands for
A) Enterprise resource planning
B) Economic resource planning
C) Efficient resource planning
D) Economic resource processing
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Where do we record transactions of salary, rent or interest paid
A) Contra
B) Journal
C) Receipt
D) Payment