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Where do we record credit purchase of furniture in Tally?

LohaHridoy
  1. Purchase
  2. Payment
  3. Receipt
  4. Journal

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1 Answers

AhmedNazir

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Answer: Option 1

To account a fixed asset purchase in tally, normally we use journal voucher in earlier versions of tally. But now you can use purchase voucher to enter purchase of fixed assets in latest versions of tally ERP9. To activate fixed asset purchase in purchase voucher, Gateway of Tally > F12 Configure > Voucher Entry Allow expense/fixed assets in purchase vouchers : Yes

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Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit?

Answer: Option 1 Let'

1 Answers 1 views
The Chairman of a big company visits one department on Monday of every week except for the Monday of third week of every month. When did he visit the Purchase department Statements : I. He visited Accounts department in the second week of September after having visited Purchase department on the earlier occasion. II. He had visited Purchase department immediately after visiting Stores department but before visiting Accounts department.?

Answer: Option 1 From I, we can conclude that the Chairman visited Purchase department on Monday of the first week of September. The time of visit of no department is mentioned...

1 Answers 1 views
Resource locking is a process to prevent multiple applications from obtaining copies of the same record when the record is about to be changed.?

Answer: Option 1 Let'

1 Answers 1 views
Before a disk drive can access any sector record, a computer program has to provide the record's disk address. What information does this address specify?

Answer: Option 4 Before a disk drive can access any sector record, a computer program has to provide the record's disk address by Track number, Sector number, Surface number and...

1 Answers 1 views
Where do we record interest received, commission received or rent received in Tally?

Answer: Option 3 Receipt voucher is used to record all receipts into Bank or Cash Accounts. Such receipt from debtors, any direct or indirect income, refund of loans or advances...

1 Answers 4 views
Where do we record cash sales in Tally?

Answer: Option 2 Receipt voucher is used to record all receipts into Bank or Cash Accounts. Such receipt from debtors, any direct or indirect income, refund of loans or advances...

1 Answers 1 views
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally?

Answer: Option 1 Generally as per option given we use Journal Voucher record purchase return, sales return, depreciation, bad debts etc.in Tally. But Debit Note voucher (Ctrl+F9) can be used to...

1 Answers 1 views
Where do we record all type of adjustment entry in Tally?

Answer: Option 3 F7:Journal we record all type of adjustment entry in Tally.

1 Answers 2 views
Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. The local co-operative credit society has decided to stop giving loans to farmers with immediate effect. II. A large number of credit society members have withdrawn major part of their deposits from the credit society.?

Answer: Option 2 Clearly, withdrawal of funds by society members is bound to reduce the lending power of the society.

1 Answers 1 views
A Ring, refers to a record chain, the last of which refers to the first record, in the chain, is called a/an?

Answer: Option 3 Let'

1 Answers 1 views

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