All Questions

Accounting

Follow
Showing 71 - 80 out of 149 Questions
3 Views

Question : The analysis of the interrelationship between the economy and the environment in the economic environmental accounting system was forwarded by_____.

Option 1: Central Statistical Office

Option 2: National Environmental Engineering Institute

Option 3: Directorate of Economics and Statistics

Option 4: United Nations Statistical Office

Team Careers360 21st Jan, 2024

Correct Answer: United Nations Statistical Office


Solution : The correct answer is the United Nations Statistical Office.

Formerly known as the United Nations Statistical Office, the United Nations Statistics Division (UNSD), under the Department of Economic and Social Affairs (DESA) of the UN Secretariat, is responsible for providing the

7 Views

Question : What ate the reports that computerized accounting software takes into consideration as input through Accounting Software?

Option 1: Day books/journals

Option 2: ledger

Option 3: trial balance, position statement (Balance Sheet) and Statement of Profit and Loss (Profit and Loss Account)

Option 4: All of the above

Team Careers360 24th Jan, 2024

Correct Answer: All of the above


Solution : The following are the reports that take accounting transactions as inputs that are processed through Accounting Software to generate the following reports:
1. Day book/Journals
2. Ledger
3. Trial Balance
4. Position Statement (Balance Sheet)
5. Statement of Profit and Loss (Profit

9 Views

Question : Computer Accounting Software (CAS)  can be used for any size of business and type of organization. This feature is known as ____________.

Option 1: Simple and integrated

Option 2: Transparency

Option 3: Accuracy and speed

Option 4: Scalability

Team Careers360 24th Jan, 2024

Correct Answer: Scalability


Solution : Computer Accounting Software (CAS)  can be used for any size of business and type of organization. The software can be used for any size of business and type of organization. This feature is known as scalability. Hence the correct option is 4.

11 Views

Question : Shyam wants to install a computerised accounting software but his budget is low. which software he should opt for -

Option 1: Customized Software

Option 2: Ready to use Software

Option 3: Tailor-made Software

Option 4: He can buy any of above

Team Careers360 17th Jan, 2024

Correct Answer: Ready to use Software


Solution : Software that is ready to use or ready-made. Software of this sort is easily accessible on the market and comes with predetermined and common features. Small-scale businesses, where there aren't a lot of transactions, typically utilise this accounting software. Its installation

4 Views

Question : Statement 1: For efficient analysis and interpretation, the financial accounting data is categorised and codified.
Statement 2: The accounts are categorised according to their nature.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Team Careers360 25th Jan, 2024

Correct Answer: Both the statements are true


Solution : For efficient analysis and interpretation, the financial accounting data is categorised and codified. The accounts are categorised according to their nature. The codification accounts make account identification simple. Hence, the correct option is 1.

15 Views

Question : What are the features of Computer Accounting Software (CAS)?

Option 1: Password Security

Option 2: Data Audit

Option 3: Data Vault

Option 4: All of the above

Team Careers360 25th Jan, 2024

Correct Answer: All of the above


Solution : Every Computerised Accounting Software (CAS) ensures the following security features:
1. Password Security
2. Data Audit, and
3. Data Vault.
Hence, the correct option is 4.

18 Views

Question : What are the factors to be considered while source accounting software?

Option 1: Flexibility

Option 2: Adaptability

Option 3: Interest of management

Option 4: Both 1 & 2

Team Careers360 21st Jan, 2024

Correct Answer: Both 1 & 2


Solution : The things to think about when choosing an accounting software supplier.
Flexibility.
Adaptability.
the price of installation and upkeep.
a company's size.
level of secrecy.

Hence the Correct answer is option 4.

18 Views

Question : Rearrange the parts of the sentence in the correct order.
A. newly
P. reflected on why he chose to work for his
Q. appointed division manager, trained in accounting,
R. company, despite better offers, and realised that
S. it was the friendly, collaborative, and ethical culture

Option 1: QPRS

Option 2: SPRQ

Option 3: SQRP

Option 4: RQPS

Team Careers360 22nd Jan, 2024

Correct Answer: QPRS


Solution : The correct choice is the first option: QPRS.

The logical flow of information is as follows:

  • The segment Q introduces the subject of the sentence, which is a division manager with training in accounting.
  • The segment P leads into the person's reflection on his choice
The question have been saved in answer later, you can access it from your profile anytime. Access now