Question :

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


Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally


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

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Related Questions - 2


Which option is used to place data taken in pen drive or CD to Appropriate place in Tally


A) Backup
B) Restore
C) Split Company Data
D) None of these

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Related Questions - 3


How can data be imported in tally


A) One company to another company created within Tally Package
B) Other programs – a spreadsheet or a database file
C) Depends on number of companies
D) Both A and B

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Related Questions - 4


Goods returning to a Creditor after challan but before bill we need to pass


A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In

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Which account is the odd one


A) Furniture
B) Land and buildings
C) Stock of raw materials
D) Plant and machinery

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