‘Inventory books’ is used to view

Related MCQs

• ‘Inventory books’ is used to view
• 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?
• Which shortcut key is used in ‘Company Features’ screen to use Inventory Features in Tally?
• Which shortcut key(s) are used to display list of inventory reports within balance sheet?
• A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated?
• According to the money measurement concept, the following will be recorded in the books of account of the business:
• Which option lists inventory valuation method in tally?
• Which of the following is compulsory to create while entry in Accounts with Inventory?
• Which shortcut key is used to view configure in Tally?
• Which option is used to view list of Primary and Secondary groups in Tally?