In which type of voucher credit sales is recorded in Tally?

This question was previously asked in
MPPSC Assistant Prof 2022 Commerce Paper II
View all MPPSC Assistant Professor Papers >
  1. F5: Payment
  2. F6: Receipt
  3. F7: Journal
  4. F8: Sales

Answer (Detailed Solution Below)

Option 4 : F8: Sales
Free
MPPSC Assistant Professor UT 1: MP History, Culture and Literature
2.3 K Users
20 Questions 80 Marks 24 Mins

Detailed Solution

Download Solution PDF

The correct answer is - F8: Sales

Key Points

  • F8: Sales
    • This voucher type is used to record all sales transactions in Tally.
    • Credit sales are recorded using the Sales Voucher to ensure accurate financial tracking and reporting.
    • It helps in maintaining detailed records of sales invoices and customer transactions.

Additional Information

  • Other Voucher Types in Tally
    • F5: Payment
      • Used to record all payment transactions such as cash or bank payments.
    • F6: Receipt
      • Used to record all receipt transactions like cash or bank receipts.
    • F7: Journal
      • Used for adjustment entries and transactions that do not involve cash or bank.
  • Importance of Correct Voucher Entry
    • Ensures accurate financial records and compliance with accounting principles.
    • Facilitates easy auditing and financial analysis.
    • Helps in maintaining transparency and accountability in financial transactions.
Latest MPPSC Assistant Professor Updates

Last updated on Feb 10, 2025

-> The last date to apply for MPPSC Assistant Professor Recruitment has been extended to 10th April 2025.

-> MPPSC Assistant Professor 2025 Notification has been released for 2117 vacancies..

-> The selected candidates will get a salary of Rs. 57,700 to Rs. 1,82,400.

-> Candidates who want a successful selection for the post must refer to the MPPSC Assistant Professor Previous Year Papers to understand the type of questions in the examination.

Get Free Access Now
Hot Links: lucky teen patti teen patti bonus teen patti gold download