Question :

Single Entry mode is applicable for


A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these

Answer : D

Description :


Tally gives a handy option of entering vouchers in single entry mode and double entry mode. These options are available for Contra, Receipt and payment vouchers.


Related Questions - 1


“Alias” represents


A) Short name
B) Nick name
C) Code name
D) All of these

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Related Questions - 2


Professionals usually maintain accounts as


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

View Answer

Related Questions - 3


Which menu appears after starting Tally for the first time


A) Gateway of Tally
B) Company Info
C) Display
D) None of these

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Related Questions - 4


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 - 5


What is the advantage of a computer-based transaction processing system


A) Does not require as stringent a set of internal controls
B) Will produce a more accurate set of financial statements
C) Eliminates the need to reconcile control accounts and subsidiary ledgers
D) Will be more efficient at producing financial statements

View Answer