Question :

Recording of actual stock as physically verified or counted is done through


A) Journal
B) Stock Journal
C) Physical Stock
D) Sales

Answer : C

Description :


Physical Stock Voucher is used for recording the actual stock which is verified or counted. It could happen that the Book Stocks and the Physical Stock do not match. It is not unusual that the company finds a discrepancy between actual stock and computer stock figure.


Related Questions - 1


Predefined groups are also called as


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

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Related Questions - 2


Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
D) All of these

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Related Questions - 3


List of Optional Voucher we can get from


A) Cash Bank Books
B) Exceptional Reports
C) Accounts Books
D) Balance Sheet

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Related Questions - 4


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 - 5


Which voucher type is used to transfer amount from one bank to another


A) Contra
B) Payment
C) Receipt
D) Post-Dated

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