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

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

Question : Modern computerised accounting system is based on the concept of database which is implemented using - 

Option 1: Management Information System

Option 2: Database Management System

Option 3: Marketing Information System

Option 4: Accounting Information System

Question : What do you mean by accounting package?

Option 1: Accounting Package not only provides for quicker data entry but also does data analysis and generates reports much more quickly than manual techniques.

Option 2: A computerised accounting system is made up of a collection of programmes called an accounting package.

Option 3: The process of recording, classifying, and transforming data into meaningful information is known as accounting package.

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

Option 4: All of the above