Question :

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

View Answer

Related Questions - 2


Single Entry mode is applicable for


A) Receipt Voucher
B) Contra Voucher
C) Payment Voucher
D) All of these

View Answer

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

View Answer

Related Questions - 4


Discount Column is available in


A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these

View Answer

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

View Answer