Chapters
1. |
What are the features of a computerized accounting system? Sol: |
A. | It facilitates off-line input and storage of accounting data |
B. | This system never fails |
C. | It generates a print-out of purchase and sale invoices |
D. | None of the above |
Answer» C. It generates a print-out of purchase and sale invoices |
2. |
What is not an advantage of a computerized accounting system. Sol: |
A. | High Speed |
B. | High Reliability |
C. | Reduced training cost |
D. | None of the above |
Answer» C. Reduced training cost |
3. |
What are the types of a computerized accounting system? Sol: |
A. | Ready to use Software |
B. | Customized Software |
C. | Tailor-made Software |
D. | All of the above |
Answer» D. All of the above |
4. |
What are the advantages of tailor-made software? Sol: |
A. | These are ready made softwares |
B. | Low cost |
C. | High secrecy of data |
D. | None of the above |
Answer» C. High secrecy of data |
5. |
What are the factors to be considered while source accounting software? Sol: |
A. | Flexibility |
B. | Adaptability |
C. | Interest of management |
D. | Both a & b |
Answer» D. Both a & b |
6. |
Ram want to install a computerised accounting system but his budget is low. Which
|
A. | Ready to use Software |
B. | Customized Software |
C. | Tailor-made Software |
D. | He can buy any of above, all cost same |
Answer» A. Ready to use Software |
7. |
If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for : |
A. | Ready to use Software |
B. | Customized Software |
C. | Tailor-made Software |
D. | Any of above |
Answer» C. Tailor-made Software |
8. |
What are the features of computerized accounting software? Sol: |
A. | storage of accounting data and on-line input |
B. | instantly produces different reports |
C. | group different account |
D. | All of the above |
Answer» D. All of the above |
9. |
The ……….of a vendor is also an important factor to consider while opting for a computerized accounting software |
A. | Level of profit |
B. | Honesty |
C. | Capability |
D. | None of the above |
Answer» C. Capability |
10. |
Software must be easy to……. Sol: |
A. | Install |
B. | Adapt |
C. | Understand |
D. | All of the above |
Answer» D. All of the above |
11. |
Acounting Packages are developed on the basis of Sol: |
A. | Accounting concepts |
B. | Accounting conventions |
C. | Both Accounting concepts and Conventions |
D. | None of the above |
Answer» C. Both Accounting concepts and Conventions |
12. |
What type of Software is an Accounting Package? Sol: |
A. | System Software |
B. | Application Software |
C. | Utility Software |
D. | Basic |
Answer» B. Application Software |
13. |
The components of computerised accounting system are Sol: |
A. | Data, Report, Ledger, software, Hardware |
B. | Software, Hardware, People, Procedure, Data |
C. | Data, Coding, Procedure, Objective, Output |
D. | People, Procedure, Hard ware, software |
Answer» B. Software, Hardware, People, Procedure, Data |
14. |
Grouping of Accounts means the classification of data from: Sol: |
A. | Assets, Capital, and Liabilities |
B. | Assets, Capital, Liabilities, Revenues & Expenses |
C. | Assets, Owners equity, Revenue & Expenses |
D. | Capital, Liabilities, Revenues, & Expenses |
Answer» B. Assets, Capital, Liabilities, Revenues & Expenses |
15. |
Codification of Accounts required for the purpose of: |
A. | Hierarchical relationship between groups and components |
B. | Data processing faster and preparing of final accounts |
C. | Keeping data and information secured |
D. | None of the above |
Answer» A. Hierarchical relationship between groups and components |
16. |
Method of codification should be |
A. | Such that it leads to grouping of accounts |
B. | An identification mark |
C. | Easy to understand and leads to grouping of accounts |
D. | None of the above |
Answer» C. Easy to understand and leads to grouping of accounts |
17. |
Final account subsystem in Accounting Information System (AIS) deals with Sol: |
A. | Preparation of budgets |
B. | Preparation of Pay Roll |
C. | Preparation of Final Accounts |
D. | None of the above |
Answer» C. Preparation of Final Accounts |
18. |
Pick the odd one out Sol: |
A. | Password security |
B. | Data Audit |
C. | Data Bank |
D. | Data vault |
Answer» C. Data Bank |
19. |
Which among the following is an example of mnemonic codes? Sol: |
A. | AS03, AS04, AS05 |
B. | 1925, 1926, 1927, 1928 |
C. | ACC, ECO, ENG, MAL |
D. | 001-100, 101-200, 201-300, 301-400 |
Answer» C. ACC, ECO, ENG, MAL |
20. |
Which among the following deals with generation of reports that are vital for management
|
A. | Costing sub system |
B. | Pay Roll Accounting Sub system |
C. | Budget Sub System |
D. | Management Information System |
Answer» D. Management Information System |
21. |
The need of codification is Sol: |
A. | Easy to process data |
B. | Keeping proper records |
C. | The generation of block codes |
D. | The encryption of data |
Answer» D. The encryption of data |
22. |
Choose the correct pair Sol: |
A. | Cash and Bank sub system – Deals with receipts and payments of cash |
B. | Inventory subsystem – deals with recording of sales |
C. | Payroll Accounting sub system – deals with the preparation of final accounts |
D. | Accounts receivable sub system – deals with expenses |
Answer» A. Cash and Bank sub system – Deals with receipts and payments of cash |
23. |
It refers to the system of recording, organising, summarising, analysing, interpreting and
|
A. | Manual Accounting |
B. | Computerised Accounting |
C. | Auditing |
D. | Human Resource Accounting |
Answer» B. Computerised Accounting |
24. |
Following businesses generally require customised software: Sol: |
A. | Banking |
B. | Medical |
C. | Retail or point of Sale |
D. | All of the above |
Answer» D. All of the above |
25. |
Features of computerised accounting system Sol: |
A. | Complete visibility |
B. | Fast, powerful, simple and integrated |
C. | Accuracy and speed |
D. | All of the above |
Answer» B. Fast, powerful, simple and integrated |