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


Salary Account comes under which head


A) Indirect Incomes
B) Indirect Expenses
C) Direct Incomes
D) Direct Expenses

View Answer

Related Questions - 2


Default ‘godown’ name in tally is ________


A) Primary
B) Main location
C) A or B
D) None of the above

View Answer

Related Questions - 3


A ‘credit note’ is sent by ________ to ________


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

View Answer

Related Questions - 4


A ________ serves the purpose of both journal and ledger accounts


A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above

View Answer

Related Questions - 5


Professionals usually maintain accounts as


A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting

View Answer