USING ACCOUNTING SOFTWARE - Practice Mode

1) What is the purpose of security feature in Tally?

Provides budget option Provides option for data backup Provides option to upload reports Provides statement of accounts

Correct Answer: Provides option for data backup

2) Which term is used for receiving aspects of a transaction?

Credit Debit Profit Receipt

Correct Answer: Debit

3) What is the purpose of Tally audit feature in Tally ERP 9?

Allows easy analysis of result / reports with graphical values Allows statutory reporting for VAT, CST, TCS, TDS, FBT, GST Allows splitting of company data into multiple compaines Verify, validate and accept accounting information

Correct Answer: Verify, validate and accept accounting information

4) Which combination of key is used to change the financial period in Tally?

F2 Alt + F2 Ctrl + F2 Shift + F2

Correct Answer: Alt + F2

Explanation:

Alt + F2 key is used to change the financial period in Tally.

5) Which combination of key is used to open 'Tally Reference Manual'?

Alt + H Alt + M Alt + R Alt + T

Correct Answer: Alt + H

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