USING ACCOUNTING SOFTWARE - Practice Mode

1) Which function of key is used the list / select a company in Tally?

F1 F3 F5 F7

Correct Answer: F1

2) Where does the transactions are entered, before taken to the appropriate ledger account?

Balance sheet Journals Receipts Vouchers

Correct Answer: Journals

3) Which term is used for the amount invested for starting a business by a person?

Asset Capital Debit Liabilities

Correct Answer: Capital

4) What is the purpose of Technological feature in Tally?

Allows importing and exporting data Flexible units of measure Provides budgeting option Provides option for data backup

Correct Answer: Allows importing and exporting data

Explanation:

Technological feature in Tally allows importing and exporting data.

5) Which term is used for giving aspect of a transaction?

Credit Debit Journal Voucher

Correct Answer: Credit

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