Question:
Which software is commonly used in business for accounting and financial management?
Which software is commonly used in business for accounting and financial management?
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Remember: "Tallying" means calculating or counting up. Tally is the standard software used for keeping financial counts.
Updated On: Jun 25, 2026
- Photoshop
- Tally
- AutoCAD
- Canva
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The Correct Option is B
Solution and Explanation
Step 1: Concept
Businesses use various specialized software applications to handle different departmental tasks like design, engineering, and finance.
Step 2: Meaning
Accounting and financial management require software that can track transactions, generate ledgers, and prepare financial statements.
Step 3: Analysis
• Photoshop is an image editing and graphic design software.
• AutoCAD is a computer-aided design (CAD) software used by architects and engineers for 2D and 3D drafting.
• Canva is a web-based graphic design platform used for creating visual content.
• Tally is an Enterprise Resource Planning (ERP) accounting software package used extensively for recording financial transactions, inventory management, and taxation.
Step 4: Conclusion
Tally is specifically designed for accounting and financial management.
Final Answer: (B)
Businesses use various specialized software applications to handle different departmental tasks like design, engineering, and finance.
Step 2: Meaning
Accounting and financial management require software that can track transactions, generate ledgers, and prepare financial statements.
Step 3: Analysis
• Photoshop is an image editing and graphic design software.
• AutoCAD is a computer-aided design (CAD) software used by architects and engineers for 2D and 3D drafting.
• Canva is a web-based graphic design platform used for creating visual content.
• Tally is an Enterprise Resource Planning (ERP) accounting software package used extensively for recording financial transactions, inventory management, and taxation.
Step 4: Conclusion
Tally is specifically designed for accounting and financial management.
Final Answer: (B)
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