Question :

If we purchase any fixed asset in credit, we can pass it from


A) Payment mode
B) Receipt mode
C) Purchase mode
D) Contra mode

Answer : C

Description :


To account a fixed asset purchase in tally, normally we use journal voucher in earlier versions of tally. But now you can use purchase voucher to enter purchase of fixed assets in latest versions of tally ERP9.


To activate fixed asset purchase in purchase voucher,

Gateway of Tally > F12 Configure > Voucher Entry

Allow expense/fixed assets in purchase vouchers : Yes


Related Questions - 1


In Tally, there are ________ predefined ledgers.


A) One
B) Two
C) Three
D) Four

View Answer

Related Questions - 2


Rs. 20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded


A) Payment
B) Receipt
C) Contra
D) Post-Dated

View Answer

Related Questions - 3


Which of the following is not a disadvantage of introducing computerized accounting system


A) Possible demotivation through reundance
B) High expenditure on set up
C) Saving made on labour cost
D) Required staff training

View Answer

Related Questions - 4


In general the financial year from shall be from


A) 1st April of any year
B) 31st March of any year
C) All of them are true
D) None of these

View Answer

Related Questions - 5


ERP stands for


A) Enterprise resource planning
B) Economic resource planning
C) Efficient resource planning
D) Economic resource processing

View Answer