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


A ‘credit note’ is sent by ________ to ________


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

View Answer

Related Questions - 2


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


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

View Answer

Related Questions - 3


ERP stands for


A) Enterprise resource planning
B) Economic resource planning
C) Efficient resource planning
D) Economic resource processing

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Related Questions - 4


We can see list of Memorandum Vouchers from


A) Cash/Bank Books
B) Exception Reports
C) Accounts Books
D) Trial Balance

View Answer

Related Questions - 5


Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
D) All of these

View Answer