Question : What are the advantages of computerised accounting system?
Option 1: Preparation of Organization Manual
Option 2: Appointment and Training of Employees
Option 3: Preparation of Various Forms and Reports
Option 4: All of the above
Correct Answer: All of the above
Solution : The following are the advantages of computersed accounting system: 1. Preparation of Organization Manual 2. Appointment and Training of Employees, 3. Preparation of Various Forms and Reports, 4. Classification and Codification of Accounts 5. Setting up of Cost Centres, and 6. Integration of Cost and Financial Data Hence, the correct option is 4.
Question : When any manual accounting system is transformed into a computerised accounting system, what do the employees of an orgnisation undertake?
Option 1: Resist the change
Option 2: Accept the change
Option 3: Do nothing
Option 4: Take training
Question : The computerised accounting system refers to -
Option 1: Printing of Balance sheet and Profit and loss accounts using computer
Option 2: Processing of accounting transaction through computer and produce reports and records
Option 3: Processing of accounting related data and priting reports
Option 4: None of the above
Question : What is/are the disadvantages of computerised accounting system?
Option 1: Cost
Option 2: Lack of Expertise
Option 3: Heavy Installation and Training Costs
Question : What are the features of computerised accounting software?
Option 1: storage of accounting data and on-line input
Option 2: instantly produces different reports
Option 3: group different account
Question : Under Computerised Accounting System, financial statements are generated from the _________ itself.
Option 1: software
Option 2: manual
Option 3: Both 1 and 2
Option 4: None of these
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