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


Branch / Division is a group defined under


A) Liabilities
B) Assets
C) Income
D) Expenditure

View Answer

Related Questions - 2


By which option Purchase or Sales register can be viewed


A) Statutory Books
B) Inventory Books
C) Accounts Books
D) Display

View Answer

Related Questions - 3


How many groups are pre-defined in Tally


A) 28
B) 30
C) 15
D) 19

View Answer

Related Questions - 4


Integrated accounts with inventory is available in


A) F12 configuration
B) F11 features
C) Inventory info
D) Accounts info

View Answer

Related Questions - 5


How many voucher types are readily available in Tally


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

View Answer