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

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

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1 Answers

AhmedNazir

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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 enter purchase return and Credit Note voucher (Ctrl+F8) can be used to enter sales return in latest versions of tally ERP9.

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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
Annual depreciation costs are constant, when the __________ method of depreciation calculation is used.?

Answer: Option 2 Let'

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Annual depreciation cost are not constant when, the __________ method of depreciation calculation is used.?

Answer: Option 4 Let'

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Answer: Option 4 Let'

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What do you call the after-tax present worth of all depreciation effects over the depreciation period of the asset?

Answer: Option 2 Let'

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In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year?

Answer: Option 4 Let'

1 Answers 1 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 credit purchase of furniture in Tally?

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...

1 Answers 2 views
Statement : It is necessary to adopt suitable measures to prevent repetition of bad debts by learning from the past experiences of mounting non-performing assets of banks. Courses of Action : I. Before granting loan to customers their eligibility for loan should be evaluated strictly. II. To ensure the payment of instalments of loan, the work, for which loan was granted, should be supervised minutely on regular basis.?

Answer: Option 5 To ensure that debts taken are repaid promptly, the customer's requirements and future prospects ought to be studied and their work constantly checked. Thus, both the courses...

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Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant?

Answer: Option 4 the annuity method of depreciation is a process used to calculate depreciation on an asset by calculating its rate of return as if it was an investment....

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