Question :

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


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

Answer : D

Description :


Payment voucher is used to paid any type of expenses either direct or indirect expenses by cash/cheque/dd to any party. This voucher is also used to pay bill amount against credit purchases.


Gateway of tally > Accounting Voucher > Payment (F5)


Related Questions - 1


‘Tally vault’ is a ________


A) Security mechanism
B) Ledger a/c
C) Cost category
D) None of the above

View Answer

Related Questions - 2


By default, which mode is on in Purchase and Sales voucher


A) Normal Mode
B) Item Invoice Mode
C) Particulars Mode
D) None of these

View Answer

Related Questions - 3


Which voucher type is used to transfer amount from one bank to another


A) Contra
B) Payment
C) Receipt
D) Post-Dated

View Answer

Related Questions - 4


Branch / Division is a group defined under


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

View Answer

Related Questions - 5


Which of the following is the example of external users of accounting information


A) Government
B) Owners
C) Management
D) Employee

View Answer