Tag: accounting information system

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Questions Related to accounting information system

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

Select the most appropriate alternative from those given below and rewrite the sentence.
___ key is used for entering transaction in purchase voucher. 

  1. <span>F5</span>

  2. F6

  3. F9

  4. F8
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In Tally, F9 is the standard shortcut key used to access the Purchase Voucher entry screen.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

State whether the following statement are True or False:
Alt + F1 are the short key for Company Information menu

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Alt + F1 is the standard shortcut key in Tally to access the Company Information menu, which allows for selecting, shutting, or creating companies.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

The secrecy and authenticity checks are robust in ______ softwares and they offer high flexibility in terms of number of users.

  1. Ready to use

  2. Customised

  3. Tailored

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The accounting software is generally tailored in large business organisations with multi users and geographically scattered locations. The secrecy and authenticity checks are robust in such softwares. They are designed to meet the specific requirements of the users and form an important part of an organisational MIS. 

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

An important consideration before sourcing an accounting software is flexibility.

This Statement is true for which of the following factor taken in considerations before sourcing an accounting software.

  1. Flexibility

  2. Ease of adaption and training needs

  3. Size of organisation

  4. Expected level of secrecy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An important consideration before sourcing an accounting software is flexibility, viz. data entry and the availability and design of various reports expected from it. Flexibility is one of the factor which is taken into consideration before sourcing an accounting software.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

To delete a voucher or to delete a master, which of the following shortcut key one will use in Tally ?

  1. ALT+A

  2. ALT+D

  3. ALT+O

  4. ALT+W
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Tally Accounting is a software used for accounting purposes. It is provided by Tally Solutions and is a standard business accounting software. Tally ERP is a very robust ERP product and is a complete business management solution. Tally is defined as record, count or a record of debit and credit or an account.

ALT+D is the shortcut key used in Tally to delete a voucher or yo delete a master.

Multiple choice commercial studies selection of an accounting software package erp practical application of accounting software accounting information system

Ready-to-use accounting software is suited to organisations running _______ business where the frequency or volume of accounting transactions is very low.

  1. small

  2. large

  3. medium

  4. both a and b
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Ready-to-use accounting software is designed for small businesses with low transaction volumes and standard accounting requirements, as it is cost-effective and simple to deploy.