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
What is the utility of Tally Vault Password
A) It will lock the period of Company
B) It will lock all voucher entries for that Company
C) It will not show the Company Name in the Company Select List
D) None of these
Related Questions - 2
‘Inventory books’ is used to view
A) Stock Items
B) Group Summary
C) Both A and B above
D) None of these
Related Questions - 3
How to activate the tally audit feature in a company
A) Press F11 key
B) During the creation of a company
C) In comp info > security control-option
D) Press F12 key
Related Questions - 4
Company features in tally includes
A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above
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