Opening an account in a computerized accounting system is entirely different from opening an account in a manual system.

Related MCQs

• Which of the following statements is/are true? (i) Drawings Account is a Nominal Account (ii) Capital Account is a Real Account (iii) Sales Account is a Nominal Account (iv) Outstanding salaries account is a Nominal Account (v) Patents Account is a Personal Account
• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• In the books of the drawer, the accounting treatment involved on receipt of a bill of exchange duly accepted by the drawee is i. Debit Bills Receivable Account ii. Debit Drawee‘s Account iii. Credit Drawee‘s Account iv. Credit Sales Account
• What are the features of a computerized accounting system? Sol:
• What is not an advantage of a computerized accounting system. Sol:
• What are the types of a computerized accounting system? Sol:
• If Building (closing) Rs.100,000, Land (opening) Rs. 100,000, Creditors (opening) Rs.10,000 then opening capital:
• What are the features of computerized accounting software? Sol:
• The ……….of a vendor is also an important factor to consider while opting for a computerized accounting software
• Creation of company is the first step in Computerized Accounting process. Sol: