Chapter 8 ACCOUNTANCY : Computerised Accounting System — Online MCQ Test
ACCOUNTANCY · CLASS 12 INTER II YEAR · Andhra State Board
Practice Chapter 8 ACCOUNTANCY : Computerised Accounting System with a free chapter-wise online MCQ test.
This chapter covers: The final chapter details components features advantages of computerized accounting software structure chart of accounts recording electronic transactions and report generation..
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Chapter 8 ACCOUNTANCY : Computerised Accounting System — Important Questions & Answers
Which of the following is considered the heart of a Computerised Accounting System?
- A. The Operating System
- B. The Accounting Software
- C. The Database Management System
- D. The User Interface
Answer: B. The Accounting Software
Accounting software is the core component that processes financial transactions and maintains records in a computerised environment.
Accounting software is the core component that processes financial transactions and maintains records in a computerised environment.
Which of the following is NOT a feature of Computerised Accounting?
- A. Speed and accuracy
- B. Real-time information
- C. Manual calculation requirement
- D. Automation of reports
Answer: C. Manual calculation requirement
Computerised accounting systems are designed to automate calculations, eliminating the need for manual arithmetic.
Computerised accounting systems are designed to automate calculations, eliminating the need for manual arithmetic.
In a computerised system, what is the primary purpose of a 'Chart of Accounts'?
- A. To record daily sales
- B. To list all general ledger accounts with their unique codes
- C. To generate bank reconciliation statements
- D. To calculate depreciation automatically
Answer: B. To list all general ledger accounts with their unique codes
A Chart of Accounts is a structured list of all ledger accounts used in the system, usually identified by specific codes for easier data processing.
A Chart of Accounts is a structured list of all ledger accounts used in the system, usually identified by specific codes for easier data processing.
Compare manual and computerised accounting: Which statement is true regarding error correction?
- A. Manual accounting is easier to correct without leaving a trace.
- B. Computerised accounting prevents any type of entry error.
- C. Computerised accounting provides audit trails that track changes made to entries.
- D. Manual accounting is more efficient for large-scale data correction.
Answer: C. Computerised accounting provides audit trails that track changes made to entries.
Audit trails in computerised systems keep a record of any modifications made to entries, which ensures transparency compared to manual erasures.
Audit trails in computerised systems keep a record of any modifications made to entries, which ensures transparency compared to manual erasures.
A firm has implemented a system where the transaction date is locked and cannot be edited by the clerk. What aspect of the computerised system does this represent?
- A. System flexibility
- B. User-defined field controls
- C. Internal control mechanism
- D. Data entry efficiency
Answer: C. Internal control mechanism
Restricting access to certain fields like dates is a deliberate internal control mechanism used to prevent fraud and maintain the integrity of financial reporting.
Restricting access to certain fields like dates is a deliberate internal control mechanism used to prevent fraud and maintain the integrity of financial reporting.