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
Discount Column is available in
A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these
Related Questions - 2
Suspense Account Group is defined under
A) Income
B) Expenditure
C) Liabilities
D) Assets
Related Questions - 3
Which option is selected from Company Info Menu to divide company data into two financial years
A) Change Tally Vault
B) Alter
C) Split Company Data
D) New Company
Related Questions - 4
Which option is true for viewing Profit & Loss A/C in Gateway of Tally
A) Gateway of Tally > Reports > Profit ; Loss A/C
B) Gateway of Tally > Display > Profit ; Loss A/C
C) Gateway of Tally > Account Books > Profit ; Loss A/C
D) None of these
Related Questions - 5
Full form of ODBC
A) Open database connectivity
B) Open database calculating
C) Open document basically
D) Order data base connection