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


Transfer of materials from one godown to another godown, use


A) Manufacturing Journal
B) Stock Journal
C) Purchase Journal
D) Both A & B

View Answer

Related Questions - 2


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 - 3


Where do we record transactions of salary, rent or interest paid


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

View Answer

Related Questions - 4


Which of the following can be budgeted in tally


A) Nett Transactions
B) Closing Balance
C) Both A and B
D) None of the above

View Answer

Related Questions - 5


In Tally, there are ________ predefined ledgers.


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

View Answer