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
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
Related Questions - 3
To create Manufacturing Journal which option must be activated
A) Use Common Narration
B) Narrations for each entry
C) Prefilled with Zero
D) Use as manufacturing Journal
Related Questions - 4
We can see Working Capital figure changing
A) Voucher configuration
B) Profit & Loss configuration
C) Balance Sheet configuration
D) Ledger configuration
Related Questions - 5
Suspense Account Group is defined under
A) Income
B) Expenditure
C) Liabilities
D) Assets