23) Which is the ledger grouping for bills receivable in Tally ERP9?

Fixed asset

Current asset

Direct expenses

Indirect expenses

Answer is:

Current asset

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24) What is the purpose of financial management feature in Tally?

Handles different types of vouchers

Allows importing and exporting data

Provides budgeting option

Provides option for data backup

Answer is:

Provides budgeting option

25) What is the purpose of Inventory Management Feature in Tally?

Provides option for data backup

Provides all relevant information for any stock item in a single screen

Provides daily balance and transaction value

Provides option to upload reports on the website directly

Answer is:

Provides all relevant information for any stock item in a single screen

26) What is the purpose of security feature in Tally?

Provides budget option

Provides option for data backup

Provides option to upload reports

Provides statement of accounts

Answer is:

Provides option for data backup

27) Which term is used for receiving aspects of a transaction?

Credit

Debit

Profit

Receipt

Answer is:

Debit

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23) Which is the ledger grouping for bills receivable in Tally ERP9?

Current asset

Using Accounting Software MCQ with Answers

Related Using Accounting Software MCQ with Answers

24) What is the purpose of financial management feature in Tally?

Provides budgeting option

25) What is the purpose of Inventory Management Feature in Tally?

Provides all relevant information for any stock item in a single screen

26) What is the purpose of security feature in Tally?

Provides option for data backup

27) Which term is used for receiving aspects of a transaction?

Debit

Using Accounting Software MCQ with Answers