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Tally Championship - 2016 #1
 
 
 

When the option activate interest calculation is enabled in debtors ledger, interest is calculated on,
Penalty imposed for late payment
Net sales for the year
Outstanding amount
Credit Balance as on that date
Input Tax credit claim for VAT paid on goods used for manufacture of both Exempted and Taxable goods is on
Average Basis
Aggregate Basis
None
Proportionate Basis
Which of the following would not improve the current ratio?
Issue long term debt to buy inventory
Sell equity shares to reduce current liabilities
Sell fixed assets to reduce accounts payable
Borrow short term to finance additional fixed asstes
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