A............. serves the purpose of both journal and ledger accounts

Related MCQs

• With how many types ledger, group and voucher types can be created in Tally?
• Which ledger is created by Tally automatically as soon as we create a new company?
• Which shortcut key(s) are used to enter a stock journal in tally?
• For 'stock journal' entry we press ______________ in tally
• We can use Stock Journal for
• Which of the following is compulsory to create while entry in Accounts with Inventory?
• If one of the cars purchased by a car dealer is used for business purpose, instead of resale, then it should be recorded by_____
• Which shortcut key is pressed and then ‘yes’ is given in “Use Debit/Credit Noted” to post entry in Credit Note and Debit Note in Tally?
• A firm has reported a profit of Rs.1,47,000 for the year ended 31-3-2014 after taking into consideration the following items. (i) The cost of an asset Rs.23,000 has been taken as an expense (ii) The firm anticipated a profit of Rs.12,000 on the sale of an old furniture (iii) Salary of Rs.7,000 outstanding for the year has not been taken into account. (iv) An asset of Rs.85,000 was purchased for Rs.75,000 and was recorded in the books at Rs.85,000. What is the correct amount of profit to be reported in the books?
• Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is ______ nature and profit on sale is