Question :
A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting
Answer : B
Professionals usually maintain accounts as
A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting
Answer : B
Description :
Accounts Only: To maintain only the financial accounts of the company. Inventory (stock) management is not involved in it.
Account with Inventory: This is the default option, which allows maintaining both the financial account of the company as well as the inventory of the company.
Professionals usually does not have inventory so they maintain accounts as Accounts Only in Tally.
Related Questions - 1
Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.
A) Lts
B) Nos
C) Kgs
D) Box
Related Questions - 2
Trial balance is prepared on ________ basis
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
Related Questions - 3
Which submenu is used for voucher entry in Tally
A) Vouchers
B) Accounting Vouchers
C) Accounts Info
D) None of these
Related Questions - 4
Related Questions - 5
A ______ is sent to the seller when he is taken back the sold goods
A) Debit note
B) Credit note
C) Proforma invoice
D) Bill