Tag: accounting software - tally

Quizzes (4) Questions (43)

Questions Related to accounting software - tally

Multiple choice accountancy accounting software - tally concept of entity and relationship designing and creating simple tables, forms, and queries objective in dbms

Under Model-II, the sum of amount is to be multiplied by _____ to ensure that the amount of credit is always negative just as amount of debit is taken as positive.

  1. 1

  2. -2

  3. -1

  4. 3
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

To ensure that credit amounts are treated as negative values in a calculation, they are multiplied by -1, which flips their sign while maintaining their magnitude.

Multiple choice accountancy accounting software - tally concept of entity and relationship designing and creating simple tables, forms, and queries objective in dbms

Under Model-I, the sum of amount generated by sum (amount) is multiplied by ____ so that the final amount assigned to total field is always negative.

  1. 1

  2. -1

  3. -2

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

Similar to Model-II, Model-I requires multiplying the sum of certain amounts by -1 to ensure the total field reflects the correct negative balance for credits.

Multiple choice accountancy accounting software - tally concept of entity and relationship designing and creating simple tables, forms, and queries objective in dbms

Every transacted amount that have been debited as well as credited appear _______ in record set.

  1. once

  2. twice

  3. thrice

  4. both a and c
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In a double-entry accounting system, every transaction involves at least two entries: one debit and one credit, meaning the amount appears twice in the record set.