Question :

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


How many types of users are present in tally


A) 1
B) 2
C) 3
D) 4

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Related Questions - 2


List of Optional Voucher we can get from


A) Cash Bank Books
B) Exceptional Reports
C) Accounts Books
D) Balance Sheet

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Related Questions - 3


Which of the following is not a disadvantage of introducing computerized accounting system


A) Possible demotivation through reundance
B) High expenditure on set up
C) Saving made on labour cost
D) Required staff training

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Related Questions - 4


Retained Earnings is an alias of


A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments

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Related Questions - 5


We can see Working Capital figure changing


A) Voucher configuration
B) Profit & Loss configuration
C) Balance Sheet configuration
D) Ledger configuration

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