USING ACCOUNTING SOFTWARE - Practice Mode

1) What type of software is Tally?

Accounting Software Application Software Language Translator System Software

Correct Answer: Accounting Software

Explanation:

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2) What is the purpose of financial management feature in Tally?

Importing and exporting data For stock transfer To get daily balances and Transaction value To prepare purchase records

Correct Answer: To get daily balances and Transaction value

3) Which area in Tally screen provides quick access to different options?

Button bar Calculator Product info Work area

Correct Answer: Button bar

4) Which is prepared to ascertain actual profit or loss of the business?

Balance sheet Book-keeping Profit and loss account Trading account

Correct Answer: Profit and loss account

5) What is meant by current date in Tally?

Calendar date Last voucher date Last worked date System date

Correct Answer: Last worked date

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