Where do we record transactions of salary, rent or interest paid

A. Contra

B. Journal

C. Receipt

D. Payment

Answer: Option D

Solution(By Examveda Team)

Payment voucher is used to paid any type of expenses either direct or indirect expenses by cash/cheque/dd to any party. This voucher is also used to pay bill amount against credit purchases.
Gateway of tally > Accounting Voucher > Payment (F5)