Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


What is Use of Reversing Journal(F10)& Optional
Voucher(Ctrl+L) in Tally erp9?

Answers were Sorted based on User's Feedback



What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?..

Answer / sagar moharana

1.Reversing Journals are special journals that are
automatically reversed after a specified date. They exist
only till that date
and are effective only when they are included in reports.
These are used in interim reporting in the course of the
financial
year where accruals are to be reported. These accruals are
usually short term and are cleared in the subsequent period.
However, to get a proper perspective, decision makers
require the reports with full impact of all aspects and
transactions.
2.This is also a non-accounting voucher. Unlike a Memo
voucher, this is not a separate voucher type. You can mark
an existing voucher (for example, a payment voucher or a
receipt voucher) as Optional. Press CTRL + L or click on
Optional from the Button Bar. This button toggles with
Regular. By marking a voucher Optional, the voucher does not
get posted anywhere but remains in the Optional Register.

Is This Answer Correct ?    40 Yes 8 No

What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?..

Answer / arnab bhattacharya

1.Revesing Journal is used in tally to reverse any journal mistake. Accounting rules doesn't permits us to delete any wrongly posted entry. To rectify the wrong journals you have posted, Revesing Journal (F10) is used.
2. Optional voucher is a non-accounting voucher. Using this option we can make any voucher e.g. payment voucher, optional. Any optional voucher doesn't effected any of our financial statements. To pass any entry without effecting financial statements we have to use Optional Voucher (Ctrl+L)

Is This Answer Correct ?    23 Yes 11 No

What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?..

Answer / ranjith moovari

It is to enter reversing entry like prpaid expenses accured income etc. t automaticlly get reversed when needed

Is This Answer Correct ?    7 Yes 5 No

What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?..

Answer / ankit soni

its a memorable voucher or its should use to see that what is company status if u want to handle your account on your purpose

Is This Answer Correct ?    4 Yes 2 No

Post New Answer



More Accounting General Interview Questions

what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?

2 Answers  


If A is Employee of the co. his salary is 100000 per month. tds is 20000 Rs. Professional tax is 200. then please tell me how to enter in Journal & payment vouchers in tally

9 Answers  


What is the Difference Between Sales Tax and VAT ?

8 Answers  


How do you prepare a balance sheet from a trial balance?

0 Answers  


In the income statement we may get profit or loss but the name of the statement was Profit and Loss account Why it was so?

1 Answers   Satyaki Educational Academy,






What are the three factors that can affect your cash flow and business profitability?

0 Answers  


Wat is the journal entry for credit sales with vat

9 Answers  


journal entry for goodwill and capital bought by a new partner?

0 Answers  


short debit to an account increases which side of the trial balance?

1 Answers  


where is entry done in tally of cheque bounce ???? Journal, Payment, Receipt, Contra

2 Answers  


Profit or loss on revaluation is shared among the partners in _______ ratio. (a) Old Profit Sharing. (b) New Profit Sharing. (c) Capital. (d) Equal.

3 Answers  


What are the nine accounting cycles?

0 Answers  






Categories