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
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 - 2
Branch / Division is a group defined under
A) Liabilities
B) Assets
C) Income
D) Expenditure
Related Questions - 3
Which of the following is not a transaction
A) Goods are purchased on cash basis for Rs 1000
B) Salaries paid for the month of May 20XX
C) Land is purchased for Rs 10 lakhs
D) An employee is dismissed from the job
Related Questions - 4
Related Questions - 5
Single Entry mode is applicable for
A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these