Question :

Where do we record credit purchase of furniture in Tally


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

Answer : A

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


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 - 2


Which shortcut key is used in Company Features screen to use Accounting Features in Tally


A) F1
B) F2
C) F3
D) F4

View Answer

Related Questions - 3


How many voucher types are readily available in Tally


A) 18
B) 16
C) 20
D) 28

View Answer

Related Questions - 4


Trial balance is prepared on ________ basis


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

View Answer

Related Questions - 5


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

View Answer