Question

?Allow components list details (Bill of Materials)? option is activated for
A.Ledgers
B.Cost Category
C.Stock Items
D.Budgets

Answer 1

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Option 【A】is the correct answer

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Answer 2

Answer: (c) Stock items

Concept : Computer Fundamentals

Given : (a) ledgers

            (b) cost category

            (c) stock items

            (d) budgets

To Find : Allow components list details (Bill of Materials) option is  

               activated for ?

Explanation:

Tally is an ERP accounting software, it is the most used financial accounting software.

A ledger is the main account head to keep track of the transactions and are used in all accounting vouchers. For example, purchase, payments, sales, receipts, are ledger accounts. Without a ledger, one cannot record any transaction.

Cost categories are useful for organizations that need issue of revenue and non-revenue items to parallel sets of cost centers. Cost categories facilitate third-dimensional reporting of expenditure and revenue. For example, region-wise or geography-wise, Grade-wise, Department-wise, cost categories.

Stock Item refers to goods that you manufacture or trade. It is the primary inventory entity and is the lowest level of information on ones inventory.

A budget is a plan made for the flow of funds in an organization. Budget contains financial guidelines for the future plan of action for a selected period of time and it helps to refine goals and use funds efficiently. Budget provides accurate evaluation of financial activities, aids in decision making and provides a reference for future planning.

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