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

GAAP tells the ________.

  1. accounting policies

  2. accounting procedures

  3. accounting statements

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

GAAP (Generally Accepted Accounting Principles) provides the framework for both accounting policies and the specific procedures used to record and report financial information.

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

In Tally F2 key is used ______________.

  1. To change menu period

  2. To change data

  3. To save records

  4. To delete the records
Reveal answer Fill a bubble to check yourself
A 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.

F2, is the shortcut key in Tally, is used to change the period for which accounting is to be done.

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

Match of the following with reference to shortcut keys used in Tally:
P. To remove  in a line                 1. CTRL + ALT+ I
Q. To Abandom the form              2.  ALT + R
R. To import statutory master       3. ALT + I
S. Rewrite data for a company     4. ALT+I
                                                    5. ALT+Q
                                                    6. Delete
Select the correct answer from the option given below

  1. P Q R S

    3 6 4 2

  2. 3 5 1 2

  3. 2 5 4 3

  4. 6 3 2 1
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The matching of shortcut keys in Tally is as follows: P (To remove a line) matches 3 (ALT + I), Q (To abandon the form) matches 5 (ALT + Q), R (To import statutory master) matches 1 (CTRL + ALT + I), and S (Rewrite data) matches 2 (ALT + R).

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

To export the report in ASCIL, HTML, or XML format, which of the following shortcut key one will use in tally ____________.

  1. ALT + E

  2. ALT + P

  3. ALT + EX

  4. ALT + IE
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In Tally, the Alt + E shortcut is used to export reports into various formats, including ASCII, HTML, and XML.