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


How many options related to Company Features are there in “F11: Features” in Tally


A) 3
B) 2
C) 4
D) 5

View Answer

Related Questions - 2


Which of the following equation is true for balance sheet


A) Assets = Liabilities + Capital
B) Liabilities = Assets + Capital
C) Capital = Assets + Liabilities
D) All of these

View Answer

Related Questions - 3


Which menu is used to create new ledgers, groups and voucher types in Tally


A) Reports
B) Import
C) Transactions
D) Masters

View Answer

Related Questions - 4


Which voucher type is used to transfer amount from one bank to another


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

View Answer

Related Questions - 5


BOM represents


A) Billing of Machines
B) Bill of Materials
C) Bill of Maintenance
D) None of these

View Answer