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
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
Related Questions - 2
Single Entry mode is applicable for
A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these
Related Questions - 3
‘Tally vault’ is a ________
A) Security mechanism
B) Ledger a/c
C) Cost category
D) None of the above
Related Questions - 4
Which shortcut key is used in Company Features screen to use Inventory Features in Tally
A) F1
B) F2
C) F3
D) F4