Question :
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
Answer : D
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
Answer : D
Description :
A computer-based transaction processing system will be more efficient at producing financial statements.
Related Questions - 1
Company features in tally includes
A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above
Related Questions - 2
Single Entry mode is applicable for
A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these
Related Questions - 3
To get Payroll Reports choose
A) Gateway of Tally > Display
B) Gateway of Tally > Display > Statement of Accounts
C) Gateway of Tally > Display > Statement of Payroll
D) Gateway of Tally > Display > Payroll Reports
Related Questions - 4
Discount Column is available in
A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these
Related Questions - 5
Which option is used to make changes in created Groups of Ledgers in Tally
A) Create
B) Display
C) Alter
D) Change