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Q. A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?

Q. Diwali advance given to an employee is

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

Q. With how many types ledger, group and voucher types can be created in Tally?

Q. Where do we record cash sales in Tally?

Q. Small items like, pencils, pens, files, etc. are written off within a year according to _ concept.

Q. Where do we record transactions of salary, rent or interest paid?

Q. Which Shortcut key is pressed to view features in Tally?

Q. Which option is used to move from one company to another when more than one companies are open?

Q. Consistency with reference to application of accounting procedures means