Question :

Where do we record cash sales in Tally


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

Answer : B

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


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


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

View Answer

Related Questions - 2


Trial balance is prepared on ________ basis


A) Monthly
B) Annually
C) Half yearly
D) Any of the above

View Answer

Related Questions - 3


What is the advantage of a computer-based transaction processing system


A) Does not require as stringent a set of internal controls
B) Will produce a more accurate set of financial statements
C) Eliminates the need to reconcile control accounts and subsidiary ledgers
D) Will be more efficient at producing financial statements

View Answer

Related Questions - 4


To create Manufacturing Journal which option must be activated


A) Use Common Narration
B) Narrations for each entry
C) Prefilled with Zero
D) Use as manufacturing Journal

View Answer

Related Questions - 5


We can get the report of Interest from


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

View Answer