Question

Rajesh received a payment of
Rs.5000 against a pending
invoice. However,he was unable to
decide against which bill the payment
was received.In Tally.ERP 9,he should
account the payment as?
Select one:
a. On Account.
b. New Reference.
C. Advance.
d. Against Reference.​

Answer 1

Answer:

advance advance advance

Answer 2

Answer:

The correct answer to this question is the advance.

Explanation:

Given - Rajesh received a payment of Rs. $5000$ against a pending invoice.

To Find - He was unable to decide against which bill the payment was received.

The advance was unable to decide against which bill the payment was received.

When the nature of the service, the nature of the product, or the terms of the contract call for advance receipts or payments to be made, this sort of bill-by-bill data is kept. To monitor these when the business materializes and a bill or invoice is raised, these records will serve as a guide.

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