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


Which option is used to view Trial Balance from Gateway of Tally?


A) Gateway of Tally > Reports > Trial Balance
B) Gateway of Tally > Trial Balance
C) Gateway of Tally > Display > Trial Balance
D) None of these

View Answer

Related Questions - 2


Salary comes under ________ Head


A) Direct expense
B) Current liability
C) Indirect expense
D) Current asset

View Answer

Related Questions - 3


Which option lists inventory valuation method in tally


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

View Answer

Related Questions - 4


A ‘credit note’ is sent by ________ to ________


A) Seller buyer
B) Buyer seller
C) Customer seller
D) Creditor seller

View Answer

Related Questions - 5


Company features in tally includes


A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above

View Answer