Q119
Professionals usually maintain accounts as
A.
Accounts with inventory
B.
Accounts only
AnswerC.
Normal accounting
D.
Payroll accounting
Answer: Option B
Solution
Answer: Option B
Solution:
Accounts Only: To maintain only the financial accounts of the company. Inventory (stock) management is not involved in it.Account with Inventory: This is the default option, which allows maintaining both the financial account of the company as well as the inventory of the company.
Professionals usually does not have inventory so they maintain accounts as Accounts Only in Tally.