Question :

Which of the following is not compulsory to create while entry in Accounts with Inventory


A) Stock Groups
B) Stock Items
C) Stock Categories
D) Units of Measure

Answer : C

Description :


Stock Categories offers an alternative classification of Stock Items. Like stock Groups, classification is done based on similarity in behaviour. The advantage of Categorizing items is that you can classify the stock items (based on functionality) together – across different stock groups which enables you to obtain reports on alternatives or substitutes for a stock item. It is not Mandatory. For enabling Stock Category option in the Inventory Info menu, press F11 > Inventory Features > Set Yes for Maintain stock categories .


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Salary comes under ________ Head


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

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Related Questions - 2


Which key is used to post entry in Debit Note in tally


A) F7
B) F8
C) Ctrl + F9
D) Ctrl + F8

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Predefined groups are also called as


A) Main group
B) Primary group
C) Statutory group
D) Parent group

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Which option is used to make changes in created Groups of Ledgers in Tally


A) Create
B) Display
C) Alter
D) Change

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Tally package is developed by


A) Peutronics
B) Tally Solutions
C) Coral Softwares
D) Vedika Softwares

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