Question 1

The components of Computerised Accounting System are :

Accepted Answer

A)  Data, Report, Ledger, Hardware, Software
B)  Data, People, Procedure, Hardware, Software
C)  People, Procedure, Ledger, Data, Chart of Accounts
D)  Data, Coding, Procedure, Rules, OutputE) None of the above
F) C) and D) B

Question 2

The Computerised Accounting System refers to :

Accepted Answer

A)  Printing of Balance Sheet and Profit and Loss Accounts using computer
B)  Processing of accounting transaction through computer and produce records and reports
C)  Processing of accounting related data and printing reports
D)  None of the aboveE) None of the above
F) A) and B)

Question 3

Control unit works as ___________ of the computer.

Accepted Answer

A)  Monitor
B)  Brain
C)  Component
D)  PartE) A) and B)
F) B) and C)

Question 4

Accounting software requires

Accepted Answer

A)  Transactions to be entered once
B)  Transactions to be entered at each stage i.e. recording and posting into accounts
C)  Both a and b
D)  None of the aboveE) A) and D)
F) All of the above

Question 5

When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.

Accepted Answer

A)  Asset
B)  Liability
C)  Income
D)  GroupingE) A) and B)
F) A) and C)

Question 6

Accounting standards issued by ICAI are mandatory in India.

Accepted Answer

A)  True
B)  False
C)  none
D)  allE) A) and D)
F) B) and D)

Question 7

The software may also allow for graphical rendering of data, which is useful for carryingout analysis.

Accepted Answer

A)  Enterprise Resource Planning software
B)  Spreadsheet software
C)  Pre-packaged accounting software
D)  Customised accounting packagesE) C) and D)
F) A) and D) B

Question 8

The CAS should be

Accepted Answer

A)  Simple and integrated, transparent, accurate, scalability, reliability
B)  Complex, Accurate, Transparent, Faster to work
C)  Able to transform the manual accounting system to computerised accounting system
D)  None of the above.E) A) and C)
F) C) and D)

Question 9

The individual field in the sheet is known as a _________.

Accepted Answer

A)  Row
B)  Cell
C)  Column
D)  GroupE) A) and C)
F) All of the above

Question 10

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

Accepted Answer

A)  True
B)  False
C)  none
D)  allE) A) and B)
F) None of the above

Question 11

The components of Computerised Accounting System refers to :

Accepted Answer

A)  Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account
B)  From data entry to preparation of final statements
C)  Transformation of manual accounting system to CAS
D)  None of the aboveE) A) and B)
F) All of the above

Question 12

A computer is an electric device

Accepted Answer

A)  True
B)  False
C)  none
D)  allE) B) and D)
F) All of the above

Question 13

Such systems also generate reports which allow the accounting professionals to have a proper view of different transactions in a comprehensive manner.

Accepted Answer

A)  Enterprise Resource Planning software
B)  Pre-packaged accounting software
C)  Spreadsheet software
D)  Customised accounting packagesE) None of the above
F) A) and C) B

Question 14

This is the kind of software which is specifically designed for meeting the requirements ofa particular business.

Accepted Answer

A)  Enterprise Resource Planning software
B)  Customised accounting packages
C)  Pre-packaged accounting software
D)  Spreadsheet softwareE) A) and B)
F) B) and C)

Question 15

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.

Accepted Answer

A)  Only a
B)  Only b
C)  Both a and b
D)  None of the aboveE) A) and D)
F) A) and B)

Question 16

Most organisations use __________ for coding their accounts.

Accepted Answer

A)  Block code
B)  Block number
C)  Block group
D)  Block sectionE) B) and C)
F) None of the above

Question 17

Which of the following software is not operating software?

Accepted Answer

A)  MS DOS
B)  Windows XP
C)  MS Word
D)  None of theseE) B) and C)
F) A) and D)

Question 18

Application softwares

Accepted Answer

A)  Can operate on its own
B)  Cannot operate without Operating Software
C)  Both a and b
D)  None of theseE) A) and B)
F) A) and C)

Question 19

Creation of company is the first step in Computerized Accounting process.

Accepted Answer

A)  True
B)  False
C)  none
D)  allE) A) and B)
F) A) and C)

Question 20

Computers can be used in accounting in different number of ways:

Accepted Answer

A)  Utility in batch processing
B)  Utility in Online/Interactive Processing
C)  Utility in Wage/Payroll System
D)  All of the aboveE) B) and D)
F) B) and C)

Exam 2: Exploring Computerized Accounting Systems and Software

The components of Computerised Accounting System are :

Correct AnswerverifiedB

The Computerised Accounting System refers to :

Correct AnswerverifiedShow Answer

Control unit works as ___________ of the computer.

Correct AnswerverifiedShow Answer

Accounting software requires

Correct AnswerverifiedShow Answer

When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.

Correct AnswerverifiedShow Answer

Accounting standards issued by ICAI are mandatory in India.

Correct AnswerverifiedShow Answer

The software may also allow for graphical rendering of data, which is useful for carryingout analysis.

Correct AnswerverifiedB

The CAS should be

Correct AnswerverifiedShow Answer

The individual field in the sheet is known as a _________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The components of Computerised Accounting System refers to :

Correct AnswerverifiedShow Answer

A computer is an electric device

Correct AnswerverifiedShow Answer

Such systems also generate reports which allow the accounting professionals to have a proper view of different transactions in a comprehensive manner.

Correct AnswerverifiedB

This is the kind of software which is specifically designed for meeting the requirements ofa particular business.

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Most organisations use __________ for coding their accounts.

Correct AnswerverifiedShow Answer

Which of the following software is not operating software?

Correct AnswerverifiedShow Answer

Application softwares

Correct AnswerverifiedShow Answer

Creation of company is the first step in Computerized Accounting process.

Correct AnswerverifiedShow Answer

Computers can be used in accounting in different number of ways:

Correct AnswerverifiedShow Answer

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B

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B

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B

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