Tag: accounting information system

Questions Related to accounting information system

Select the most appropriate alternative from those given below and rewrite the sentence.
___ key is used for entering transaction in purchase voucher. 

  1. F5

  2. F6

  3. F9

  4. F8


Correct Option: C

State whether the following statement are True or False:
Ctrl + B is used to activate the calculator. 

  1. True

  2. False


Correct Option: B

State whether the following statement are True or False:
Alt + F1 are the short key for Company Information menu

  1. True

  2. False


Correct Option: A

State whether the following statement are True or False:
F5 Function key is for Receipt Voucher. 

  1. True

  2. False


Correct Option: B

The secrecy and authenticity checks are robust in ______ softwares and they offer high flexibility in terms of number of users.

  1. Ready to use

  2. Customised

  3. Tailored

  4. None of the above


Correct Option: C
Explanation:

The accounting software is generally tailored in large business organisations with multi users and geographically scattered locations. The secrecy and authenticity checks are robust in such softwares. They are designed to meet the specific requirements of the users and form an important part of an organisational MIS. 

State whether the following statement are True or False:
Alt + F1 is used to delete the specific information.

  1. True

  2. False


Correct Option: A

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


Correct Option: A
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.

To select the budget, which of the following shortcut key one will use in tally ?

  1. ALT+ B

  2. ALT+ Q

  3. ALT+ K

  4. ALT+ M


Correct Option: A

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


Correct Option: B
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.

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


Correct Option: A