To hide the name of the Company you need to define
A) Security Control
B) Tally Audit
C) Create at least one User
D) Tally Vault Password
Answer : D
Description :
Tally Vault is like a lock which is not going to show company into the list of companies, due to which your company details will not be accessible by anyone and secrecy and privacy can be maintained with the help of that feature. When company will be selected from ‘select company’ menu, symbol like this ************ will be shown. Thus, not showing any of the details of the company to others.
So Tally Vault is a kind of security feature built in Tally. An advanced level security feature in Tally ERP to keep up confidentiality of information by encrypting the data. Tally Vault uses a password with an advanced algorithm to validate a new user without any prior understanding of the password and the form of data is not located on the device.
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Related Questions - 2
Which of the following is not a disadvantage of introducing computerized accounting system
A) Possible demotivation through reundance
B) High expenditure on set up
C) Saving made on labour cost
D) Required staff training
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What is the advantage of a computer-based transaction processing system
A) Does not require as stringent a set of internal controls
B) Will produce a more accurate set of financial statements
C) Eliminates the need to reconcile control accounts and subsidiary ledgers
D) Will be more efficient at producing financial statements