CAS helps to compute various taxes and to deduct these and deposit the same to the _________

(a)

Private account

(b)

Company account

(c)

Government account

(d)

None of the above

In 2009, Tally Solutions introduced the software ___________

(a)

Tally. ERP 9

(b)

Tally. ERP 10

(c)

Tally. ERP 6.0

(d)

Tally. 8.0

Transactions are to be recorded through ________

(a)

journal entries

(b)

voucher entries

(c)

accounting entries

(d)

none of these

All transactions related to receipt either in cash or through bank are recorded using ____________

(a)

payment voucher

(b)

contra voucher

(c)

receipt voucher

(d)

sales voucher

Automated accounting is an approach to maintain up-to-date accounting records with the aid of ___________

(a)

System software

(b)

Accounting software

(c)

System hardware

(d)

Accounting hardware

Which from the following is better in accounting?

(a)

Book keeping

(b)

Computerised accounting

(c)

Both

(d)

None of these

Single entry mode is applicable for _________

(a)

Receipt voucher

(b)

Payment voucher

(c)

Contra voucher

(d)

All of these

To change current data from Gateway of Tally press the key _________

(a)

F1

(b)

F2

(c)

F5

(d)

F9

Branch/Division is a group defined under _________

(a)

Assets

(b)

Income

(c)

Liabilities

(d)

Expenditure

Suspense account group is defined under _________

(a)

Assets

(b)

Income

(c)

Expenditure

(d)

Liabilities

Company Restore option is available in _________

(a)

Configuration

(b)

Company features

(c)

Company Information

(d)

Both 'a' and 'b'

Accounting reports can be classified into _________ types.

(a)

two

(b)

three

(c)

four

(d)

five

_______________ collects financial data, processes them and provides information to the various users.

(a)

Accounting System

(b)

Management Accounting System

(c)

Accounting Information System

(d)

Management Information System

__________ is used by various types of trade and industries.

(a)

Microsoft

(b)

Tally

(c)

Excel

(d)

C++

Tally has __________ predefined ledgers.

(a)

two

(b)

three

(c)

four

(d)

six