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


Which file in tally is used to record the import activity


A) Tally.dat
B) Tally.ini
C) Tally.imp
D) None of the above

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Related Questions - 2


A ‘credit note’ is sent by ________ to ________


A) Seller buyer
B) Buyer seller
C) Customer seller
D) Creditor seller

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Related Questions - 3


How many primary groups are there in Tally


A) 19
B) 28
C) 15
D) 20

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Related Questions - 4


To see reports of Job Work Analysis


A) Display > Statements of Accounts > Job Work Analysis
B) Display > Job Work In Reports > Job Work Analysis
C) Display > Statements of Accounts> Cost Centre > Job Work Analysis
D) None of these

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Related Questions - 5


A ______ is sent to a customer when he returns the goods


A) Debit note
B) Credit note
C) Proforma invoice
D) Bill

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