Question : Under a manual accounting system, addition, subtraction, multiplication and division are done _________.
Option 1: manually
Option 2: through computers
Option 3: Through electronic media
Option 4: All of the above
Correct Answer: manually
Solution : The manual system of accounting calls for manual adding, subtracting, and totaling as well as the recording of transactions in the original entry books. Hence, the correct option is 1.
Question : Under computerized system of accounting, MIS stands for
Option 1: Management Information System
Option 2: Management Invoices System
Option 3: Management Information Sources
Option 4: None of the above
Question : What are the salient features of Computerized Accounting System?
Option 1: Simple and Integrated
Option 2: Transparency and Control
Option 3: Accuracy and Speed
Question : What is/are the features of an accounting computerised system?
Option 1: Data Security
Option 2: Improved Reporting
Question : Modern computerised accounting system is based on the concept of database which is implemented using -
Option 2: Database Management System
Option 3: Marketing Information System
Option 4: Accounting Information System
Question : What is/are the applications of computerised accounting systems?
Option 1: To maintain Accounting Record of large organisations is Possible
Option 2: Separate Payroll Accounting is Possible
Option 3: Automation of All Financial Accounts
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