A software must be easy to…….
1.Install
2.Adapt
3.Understand
4.All of the above
A system of accounting which is not based on double entry system is called-
1.Cash system
2.Mahajani system of accounting
3.Incomplete accounting system
4.None of these.
Accounts which are maintained under single entry system-
1.Personal accounts
2.Impersonal accounts
3.(a) & (b) both
4.None of these.
Generally incomplete records are maintained by-
1. Trader
2. Society
3.Company
4.Government.
If an organisation want to develop a computerised accounting system according to its need as the business of organisation is complex. Which software it should opt for
1.Ready to use Software
2.Customized Software
3.Tailor-made Software
4.Any of above
Liabilities and assets amount to Rs. 50,000 and Rs. 78,000 respectively. The difference amount will represent-
1.Creditors
2.Debentures
3.Profit
4.Capital.
Mouse is a-
1.Input device
2.Output device
3.Input and output both
4.None of these
Ram want to install a computerised accounting system but his budget is low. Which software he should opt for
1.Ready to use Software
2.Customized Software
3.Tailor-made Software
4.He can buy any of above, all cost same
Receipt and payment account is a summary of-
1.Income & Expenditure account
2. Profit & Loss A/c
3.Cash – book
4.None of these.
Statement of affairs is prepared to-
1.Know about assets
2.Know about liabilities
3.Calculate capital
4.Know financial position.
Such persons who earn remuneration against their services are called –
1.Seller
2. Purchaser
3.Professional
4.None of these.
Super computers are-
1.Large in size and speed and storage are more than else
2.Small in size and less speed
3.Same size and same speed
4. All of above
The ……….of a vendor is also an important factor to consider while opting for a computerized accounting software
1.Level of profit
2.Honesty
3.Capability
4. None of the above
What are the factors to be considered while source accounting software?
1.Flexibility
2.Adaptability
3.Interest of management
4.Both a & B
What are the features of a computerized accounting system.
1.It facilitates off-line input and storage of accounting data
2.This system never fails
3.It generates a print-out of purchase and sale invoices
4.None of the above
What are the features of computerized accounting software?
1.storage of accounting data and on-line input
2. instantly produces different reports
3.group different account
4.All of the above
What are the types of a computerized accounting system.
1.Ready to use Software
2.Customized Software
3.Tailor-made Software
4.All of the above
What is C.P.U.
1.Central processing unit
2.Central unit of production
3.Central progress unit
4.Central power unit
What is MIS-
1.Management information system
2.Micro information system
3.Middle internet system
4. Mass information system
What is not an advantages of a computerized accounting system.
1.High Speed
2.High Reliability
3.Reduced training cost
4.None of the above
What is the advantages of tailor-made software.
1.These are ready made softwares
2.Low cost
3. High secrecy of data
4.None of the above
Which of the following is not an item of income of Non – trading concern –
1.Entrance fees
2. Interest
3.Govt. Aid
4.Salary.
Which of the following is recorded in income & expenditure account –
1.Revenue items
2.Capital items
3. Revenue and capital items
4.None of these.