Chapter 7: Computerised Accounting System — Online MCQ Test
ACCOUNTANCY · CLASS 12 INTERMEDIATE 2 YEAR · Telangana State Board
Practice Chapter 7: Computerised Accounting System with a free chapter-wise online MCQ test.
This chapter covers: The final chapter covers computerized accounting features components database management systems CAS vs manual accounting software packages accounting vouchers and report generatio....
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Chapter 7: Computerised Accounting System — Important Questions & Answers
What is the main feature of a computerized accounting system?
- A. It records transactions only in written ledgers
- B. It uses computers to record, classify, and summarize accounting data
- C. It avoids the use of databases completely
- D. It prepares only cash books manually
Answer: B. It uses computers to record, classify, and summarize accounting data
A computerized accounting system uses computers and accounting software to process financial transactions quickly and accurately.
A computerized accounting system uses computers and accounting software to process financial transactions quickly and accurately.
Which of the following is a component of a computerized accounting system?
- A. Database
- B. Chalkboard
- C. Paper filing cabinet
- D. Manual cash book only
Answer: A. Database
A database is a key component because accounting data is stored and managed electronically in computer systems.
A database is a key component because accounting data is stored and managed electronically in computer systems.
In computerized accounting, the database is mainly used to:
- A. Print handwritten reports
- B. Store and organize accounting information
- C. Replace the accountant
- D. Prevent any transaction entry
Answer: B. Store and organize accounting information
The database stores data systematically so that it can be retrieved, processed, and reported easily.
The database stores data systematically so that it can be retrieved, processed, and reported easily.
A business has many branches and a large number of transactions. Which accounting system is more suitable and why?
- A. Manual system, because it is easier to control large data
- B. Computerized system, because it can handle large data efficiently
- C. Manual system, because reports are generated instantly
- D. Computerized system, because it needs no data entry
Answer: B. Computerized system, because it can handle large data efficiently
Computerized systems are better for large volumes of data because they process transactions quickly and generate reports efficiently.
Computerized systems are better for large volumes of data because they process transactions quickly and generate reports efficiently.
Which of the following is the most accurate distinction between a voucher and a report in computerized accounting?
- A. A voucher records a transaction, while a report summarizes processed data
- B. A voucher is used only for printing, while a report is used for data entry
- C. A voucher stores backup files, while a report stores ledgers
- D. A voucher and a report mean the same thing
Answer: A. A voucher records a transaction, while a report summarizes processed data
Vouchers are entry documents for transactions, whereas reports are outputs that present summarized accounting information.
Vouchers are entry documents for transactions, whereas reports are outputs that present summarized accounting information.