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 option lists inventory valuation method in tally


A) Stock report
B) Stock journal
C) Stock analysis
D) Stock summary

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Related Questions - 2


How many types of Measurement Units we can create in Tally


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

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Related Questions - 3


How many secondary groups are there in Tally


A) 15
B) 13
C) 28
D) 3

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Related Questions - 4


We can get the report of Interest from


A) Account Books
B) Cash and Fund flow
C) Inventory Books
D) Statements of Accounts

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Related Questions - 5


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