Question :
A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these
Answer : B
Reversing journal is a
A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these
Answer : B
Description :
Reversing Journals (Non-Accounting/Unconventional Voucher) are special journals that are automatically reversed after a specified date. They exist only till the specified date and are effective only when they are included in reports like the Balance Sheet.
Gateway of Tally > Display > Exception Reports > Reversing Journals
Related Questions - 1
Which of the following is not a disadvantage of introducing computerized accounting system
A) Possible demotivation through reundance
B) High expenditure on set up
C) Saving made on labour cost
D) Required staff training
Related Questions - 2
Which of the following is the example of external users of accounting information
A) Government
B) Owners
C) Management
D) Employee
Related Questions - 3
Retained Earnings is an alias of
A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments
Related Questions - 4
Which shortcut key is used in Company Features Screen to use Statutory & Taxation in Tally
A) F3
B) F4
C) F2
D) F1
Related Questions - 5
Which shortcut key is used in Company Features screen to use Inventory Features in Tally
A) F1
B) F2
C) F3
D) F4