Question :

Where do we record interest received, commission received or rent received in Tally


A) Contra
B) Payment
C) Receipt
D) Journal

Answer : C

Description :


Receipt voucher is used to record all receipts into Bank or Cash Accounts. Such receipt from debtors, any direct or indirect income, refund of loans or advances given earlier, sale of fixed assets, cash sale etc.

 

Gateway of tally > Accounting Voucher > Receipt (F6)


Related Questions - 1


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 - 2


Which of the following is not a transaction


A) Goods are purchased on cash basis for Rs 1000
B) Salaries paid for the month of May 20XX
C) Land is purchased for Rs 10 lakhs
D) An employee is dismissed from the job

View Answer

Related Questions - 3


A Group Company is ________ given to the merged accounts of member companies of the group


A) a name
B) an identity
C) A and B
D) None of the above

View Answer

Related Questions - 4


How many groups are pre-defined in Tally


A) 28
B) 30
C) 15
D) 19

View Answer

Related Questions - 5


Vouchers can be displayed in


A) Accounts info
B) Day book
C) Inventory info
D) Ledger

View Answer