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
Goods returning to a Creditor after challan but before bill we need to pass
A) Debit Note
B) Receipt Note
C) Rejection Out
D) Rejection In
Related Questions - 2
Trial balance is prepared on ________ basis
A) Monthly
B) Annually
C) Half yearly
D) Any of the above
Related Questions - 3
By default, which mode is on in Purchase and Sales voucher
A) Normal Mode
B) Item Invoice Mode
C) Particulars Mode
D) None of these
Related Questions - 4
Recording of actual stock as physically verified or counted is done through
A) Journal
B) Stock Journal
C) Physical Stock
D) Sales
Related Questions - 5
We can use Stock Journal for
A) Production and Consumption
B) Inter Godown transfer for stock
C) Both (a) and (b)
D) None of these