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
The Profit & Loss statement can be displayed in ________ format(s).
A) Horizontal
B) Vertical
C) A or B
D) None of the above
Related Questions - 2
Which option is used to view Stock Items or Group Summary
A) Accounts Books
B) Inventory Books
C) Statutory Books
D) Display
Related Questions - 3
Company features in tally includes
A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above
Related Questions - 4
Reversing journal is a
A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these
Related Questions - 5
Which of the following user type can view audit list
A) Tally Vault
B) Owner
C) Data Entry
D) Administrator