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Q. 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?

Q. Which shortcut key is used to shut opened company in Tally?

Q. In which voucher type credit purchase entry is posted in Tally?

Q. Rs.10, 000 withdrawn from State Bank. In which voucher type this transaction will be recorded?

Q. We can cancel a voucher using

Q. Where do we record cash sales in Tally?

Q. For 'stock journal' entry we press ______________ in tally

Q. Which option is used to copy company’s data into pen drive or CD?

Q. Which shortcut key(s) are used to enter a stock journal in tally?

Q. The debts, which are to be repaid within a short period (year or less) are known as