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.


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How many options related to Company Features are there in “F11: Features” in Tally


A) 3
B) 2
C) 4
D) 5

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Related Questions - 2


Which option from Company Info. menu is selected to create a new Company in Tally


A) Company Create
B) Create Company
C) Create
D) New Company

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Budget represents ________


A) Estimation
B) Forecasting
C) Assumption
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What is the utility of Tally Vault Password


A) It will lock the period of Company
B) It will lock all voucher entries for that Company
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D) None of these

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If we purchase any fixed asset in credit, we can pass it from


A) Payment mode
B) Receipt mode
C) Purchase mode
D) Contra mode

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