Question 1

The components of Computerised Accounting System are :

Accepted Answer

A) Data, Report, Ledger, Hardware, Software 
B) Data, People, Procedure, Hardware, Software 
C) People, Procedure, Ledger, Data, Chart of Accounts 
D) Data, Coding, Procedure, Rules, Output 
A) Data, Report, Ledger, Hardware, Software 
B) Data, People, Procedure, Hardware, Software 
C) People, Procedure, Ledger, Data, Chart of Accounts 
D) Data, Coding, Procedure, Rules, Output B

Question 2

Such systems also generate reports which allow the accounting professionals to have a proper view of different transactions in a comprehensive manner.

Accepted Answer

A) Enterprise Resource Planning software 
B) Pre-packaged accounting software 
C) Spreadsheet software 
D) Customised accounting packages 
A) Enterprise Resource Planning software 
B) Pre-packaged accounting software 
C) Spreadsheet software 
D) Customised accounting packages B

Question 3

The software may also allow for graphical rendering of data, which is useful for carryingout analysis.

Accepted Answer

A) Enterprise Resource Planning software 
B) Spreadsheet software 
C) Pre-packaged accounting software 
D) Customised accounting packages 
A) Enterprise Resource Planning software 
B) Spreadsheet software 
C) Pre-packaged accounting software 
D) Customised accounting packages B

Question 4

The CAS should be

Accepted Answer

A) Simple and integrated, transparent, accurate, scalability, reliability 
B) Complex, Accurate, Transparent, Faster to work 
C) Able to transform the manual accounting system to computerised accounting system 
D) None of the above. 
A) Simple and integrated, transparent, accurate, scalability, reliability 
B) Complex, Accurate, Transparent, Faster to work 
C) Able to transform the manual accounting system to computerised accounting system 
D) None of the above.

Question 5

Accounting standards issued by ICAI are mandatory in India.

Accepted Answer

A) True 
B) False 
C) none 
D) all 
A) True 
B) False 
C) none 
D) all

Question 6

A computer is an electric device

Accepted Answer

A) True 
B) False 
C) none 
D) all 
A) True 
B) False 
C) none 
D) all

Question 7

The Computerised Accounting System refers to :

Accepted Answer

A) Printing of Balance Sheet and Profit and Loss Accounts using computer 
B) Processing of accounting transaction through computer and produce records and reports 
C) Processing of accounting related data and printing reports 
D) None of the above 
A) Printing of Balance Sheet and Profit and Loss Accounts using computer 
B) Processing of accounting transaction through computer and produce records and reports 
C) Processing of accounting related data and printing reports 
D) None of the above

Question 8

Most organisations use __________ for coding their accounts.

Accepted Answer

A) Block code 
B) Block number 
C) Block group 
D) Block section 
A) Block code 
B) Block number 
C) Block group 
D) Block section

Question 9

Creation of company is the first step in Computerized Accounting process.

Accepted Answer

A) True 
B) False 
C) none 
D) all 
A) True 
B) False 
C) none 
D) all

Question 10

Accounting software requires

Accepted Answer

A) Transactions to be entered once 
B) Transactions to be entered at each stage i.e. recording and posting into accounts 
C) Both a and b 
D) None of the above 
A) Transactions to be entered once 
B) Transactions to be entered at each stage i.e. recording and posting into accounts 
C) Both a and b 
D) None of the above

Question 11

Control unit works as ___________ of the computer.

Accepted Answer

A) Monitor 
B) Brain 
C) Component 
D) Part 
A) Monitor 
B) Brain 
C) Component 
D) Part

Question 12

Which of the following is true statement for computerised accounting system?
A. the computer accounting system is based on the concept of database.
B. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.

Accepted Answer

A) Only a 
B) Only b 
C) Both a and b 
D) None of the above 
A) Only a 
B) Only b 
C) Both a and b 
D) None of the above

Question 13

When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.

Accepted Answer

A) Asset 
B) Liability 
C) Income 
D) Grouping 
A) Asset 
B) Liability 
C) Income 
D) Grouping

Question 14

This is the kind of software which is specifically designed for meeting the requirements ofa particular business.

Accepted Answer

A) Enterprise Resource Planning software 
B) Customised accounting packages 
C) Pre-packaged accounting software 
D) Spreadsheet software 
A) Enterprise Resource Planning software 
B) Customised accounting packages 
C) Pre-packaged accounting software 
D) Spreadsheet software

Question 15

Opening an account in a computerized accounting system is entirely different from opening an account in a manual system.

Accepted Answer

A) True 
B) False 
C) none 
D) all 
A) True 
B) False 
C) none 
D) all

Question 16

The components of Computerised Accounting System refers to :

Accepted Answer

A) Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account 
B) From data entry to preparation of final statements 
C) Transformation of manual accounting system to CAS 
D) None of the above 
A) Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account 
B) From data entry to preparation of final statements 
C) Transformation of manual accounting system to CAS 
D) None of the above

Question 17

The individual field in the sheet is known as a _________.

Accepted Answer

A) Row 
B) Cell 
C) Column 
D) Group 
A) Row 
B) Cell 
C) Column 
D) Group

Question 18

Which of the following software is not operating software?

Accepted Answer

A) MS DOS 
B) Windows XP 
C) MS Word 
D) None of these 
A) MS DOS 
B) Windows XP 
C) MS Word 
D) None of these

Question 19

Computers can be used in accounting in different number of ways:

Accepted Answer

A) Utility in batch processing 
B) Utility in Online/Interactive Processing 
C) Utility in Wage/Payroll System 
D) All of the above 
A) Utility in batch processing 
B) Utility in Online/Interactive Processing 
C) Utility in Wage/Payroll System 
D) All of the above

Question 20

Application softwares

Accepted Answer

A) Can operate on its own 
B) Cannot operate without Operating Software 
C) Both a and b 
D) None of these 
A) Can operate on its own 
B) Cannot operate without Operating Software 
C) Both a and b 
D) None of these

Exam 2: Exploring Computerized Accounting Systems and Software

The components of Computerised Accounting System are :

Such systems also generate reports which allow the accounting professionals to have a proper view of different transactions in a comprehensive manner.

The software may also allow for graphical rendering of data, which is useful for carryingout analysis.

The CAS should be

Accounting standards issued by ICAI are mandatory in India.

A computer is an electric device

The Computerised Accounting System refers to :

Most organisations use __________ for coding their accounts.

Creation of company is the first step in Computerized Accounting process.

Accounting software requires

Control unit works as ___________ of the computer.

Which of the following is true statement for computerised accounting system? A. the computer accounting system is based on the concept of database. B. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.

When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.

This is the kind of software which is specifically designed for meeting the requirements ofa particular business.

Opening an account in a computerized accounting system is entirely different from opening an account in a manual system.

The components of Computerised Accounting System refers to :

The individual field in the sheet is known as a _________.

Which of the following software is not operating software?

Computers can be used in accounting in different number of ways:

Application softwares

Exploring Features and Advantages of Computerized Accounting Systems

Non-Profit Organizations and Financial Statements

Not-For-Profit Organizations and Financial Accounts

Goodwill and Intangible Assets

Valuation and Calculation of Goodwill

Understanding the Concepts of Lessor, Lessee, and Minimum Rent

Royalty Accounting and Partnership Firms

Accounting

Accounting and Corporate Finance

Accounting and Finance

Depreciation, Share Capital, and Forfeiture of Shares

Financial Statements and Accounting Principles

Insurance Provision and Accounting Standards

Formation and Capital Structure of Public Companies

Share Forfeiture, Debentures, and Sinking Fund

Financial Accounting and Banking

Insurance and General Insurance Companies: Understanding Terms and Concepts

Single Entry System and Company Ownership

Share Capital and Shareholders in a Company

Debentures, Bonds, and Shares

Accounting Concepts and Principles

Accounting Concepts and Practices

Financial Statements and Accounting for Nonprofit Organizations

Hire Purchase, Sale of Goods, and Bookkeeping

Accounting and Bookkeeping

Allocation of Selling Expenses Among Departments Based on Sales

Accounting Concepts and Systems

Accounting and Financial Transactions

Ac Types, Balances, and Entries

Errors, Adjustments, and Expenditures in Accounting

Capitalization, Errors, Cash Book, and Types of Accounts

Revenue Recognition and Expenditure Classification

Depreciation and Asset Provision

Accounting Adjustments and Financial Statement Treatment

Balance Sheet and Profit Loss Account

Accounting and Financial Management

Bills of Exchange, Consignment, and Partnership

Accounting Standards and Joint Ventures

Accounting and Financial Management : Part A

Accounting and Financial Management : Part B

Accounting: Interest, Bill, Partnership Agreement,insurance, Contingent Liability, and Business Resources

Fundamentals of Accounting: Objectives, Concepts, and Principles

Depreciation and Reserves: Understanding the Accounting Concepts

Underwriting and Creditor Questions in Company Affairs

Amalgamation, Llp, and Single Entry System

Single Entry System and Profit Calculation

Accounting for Receipts, Payments, Income, and Expenditure in Consignment and Joint Venture Businesses

Accounting for Co-Venturers, Consignments, and Branches

Accounting Arrangements and Operations for Branches

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