Question :
A) Direct expense
B) Current liability
C) Indirect expense
D) Current asset
Answer : C
Salary comes under ________ Head
A) Direct expense
B) Current liability
C) Indirect expense
D) Current asset
Answer : C
Description :
Salary Account is generally indirect expense because it cannot be conveniently allocated to a particular product.
Related Questions - 1
Default ledger accounts in tally are ________
A) Balance sheet profit & loss and trial balance
B) Profit & loss and trial balance
C) Cash and profit & loss accounts
D) Cash and bank accounts
Related Questions - 2
Related Questions - 3
Manufacturing Journal creates based on
A) Journal
B) Receipt Note
C) Stock Journal
D) Purchase Quotation
Related Questions - 4
Which submenu is used to create new ledgers, groups and voucher types in Tally
A) Account Info
B) Inventory Info
C) Accounting Vouchers
D) Inventory Vouchers
Related Questions - 5
Which menu appears after starting Tally for the first time
A) Gateway of Tally
B) Company Info
C) Display
D) None of these