Question : What are the limitations of CAS?
Option 1: Faster obsolescence of technology necessitates investment in the shorter time period of time
Option 2: Data may be lost or corrupted due to power interruptions
Option 3: Data are prone to hacking
Option 4: All of the above
Correct Answer: All of the above
Solution : Following are the disadvantages of CAS: 1. Faster obsolescence of technology necessitates investment in a shorter time period of time, 2. Data may be lost or corrupted due to power interruptions, 3. Data are prone to hacking, and 4. Un-programmed and un-specified reports cannot be generated. Hence the correct option is 4.
Question : CAS provides _________.
Option 1: sufficient time to plan
Option 2: increase data accessibility
Option 3: enhance user satisfaction
Question : What are the features of Computer Accounting Software (CAS)?
Option 1: Password Security
Option 2: Data Audit
Option 3: Data Vault
Question : CAS enables in changing the volume of _______ in tune with the change in the size of the business.
Option 1: data processing
Option 2: data accessing
Option 3: data analysing
Option 4: all of the above
Question : Balance sheet provides information about the financial positions of the enterprise -
Option 1: At a point of Time
Option 2: Over a period of time
Option 3: For a period of time
Option 4: None of the above
Question : Loss in the value of fixed assets due to unforeseen obsolescence is known as ______________________- and due to passage of time is known as _______________.
Option 1: Depreciation, Capital gain
Option 2: Capital loss, Capital gain
Option 3: Capital loss, depreciation.
Option 4: Depreciation, Depreciation.
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