Tag: selection of an accounting software package

Quizzes (2) Questions (41)

Questions Related to selection of an accounting software package

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.

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.