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COPA
COPA Set-1
Using Accounting Software
2

Using Accounting Software MCQ with Answers

2) 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

Answer is:

To get daily balances and Transaction value

Using Accounting Software MCQ with Answers

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Related Using Accounting Software MCQ with Answers

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

Button bar

Calculator

Product info

Work area

Answer is:

Button bar

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

Balance sheet

Book-keeping

Profit and loss account

Trading account

Answer is:

Profit and loss account

5) What is meant by current date in Tally?

Calendar date

Last voucher date

Last worked date

System date

Answer is:

Last worked date

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

Current assets

Business Transaction

Liabilities

Purchase

Answer is:

Current assets

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