COPA Module 15 : Using Accounting Software

What type of software is Tally?

• Accounting Software
• Application Software
• Language Translator
• System Software

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

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

• Button bar
• Calculator
• Product info
• Work area

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

• Balance sheet
• Book-keeping
• Profit and loss account
• Trading account

What is meant by current date in Tally?

• Calendar date
• Last voucher date
• Last worked date
• System date

Which are the things and properties for resale that converts into cash?

• Current assets
• Business Transaction
• Liabilities
• Purchase

Who receives benefits without giving money immediately but liable to pay in future?

• Creditor
• Debtor
• Owner
• Worker

Which function key is used to record fund transfer between cash and bank account?

• F4
• F5
• F6
• F7

Which document is issued by the receiver of cash to the giver of cash acknowledging the cash received voucher?

• Ledgers
• Journals
• Receipts
• Vouchers

What is a summarized record of all the transactions to every person every property and every type of service?

• Account
• Journals
• Ledgers
• Vouchers