F-12 (short cut key) is known for as

The correct answer is - Company configuration

Key Points

• Company configuration
  • The F-12 key is used to access the Company configuration settings in accounting software like Tally.
  • This configuration allows users to set up various parameters and options that define how the company data will be managed and processed.
  • It includes settings for financial year, currency, voucher numbering, and other essential features.

Additional Information

• Company features
  • This section allows users to enable or disable various features specific to the company, such as inventory management, cost centers, and multi-currency.
  • Accessing company features can typically be done through other menu options, not the F-12 key.
• Accounting features
  • These features pertain to the configuration of various accounting capabilities such as budgeting, interest calculations, and bank reconciliation.
  • While related to company configuration, these settings are often accessed through a different menu or shortcut key.
• Shortcut Keys
  • Understanding various shortcut keys like F-12 is crucial for efficient navigation and operation within accounting software.
  • Other commonly used shortcut keys in Tally include F1 for Help, F2 for Date, and F3 for Company Selection.