Question
Download Solution PDFIn which type of voucher credit sales is recorded in Tally?
This question was previously asked in
MPPSC Assistant Prof 2022 Commerce Paper II
Answer (Detailed Solution Below)
Option 4 : F8: Sales
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MPPSC Assistant Professor UT 1: MP History, Culture and Literature
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20 Questions
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Detailed Solution
Download Solution PDFThe 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.
- F5: Payment
- 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.
Last updated on Feb 10, 2025
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