Tag: elements of accounts

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Questions Related to elements of accounts

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

The accounting information system (AIS) receives and provides information to the various sub-systems of the institutional/integrated MIS.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The accounting information system (AIS) receives and provides information to the various sub-systems of the institutional/integrated MIS. Accounting information system (AIS) is a collection of resources, designed to transform financial and other data into information.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

An integrated set of specialized programmes that are meant to manage the resources of a computer and also facilitate its operation is called __________.

  1. utility programmes

  2. application software

  3. system software

  4. operating system
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An operating system is the primary system software that manages computer hardware and software resources, providing common services for computer programs.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

Operating system creates a necessary interface that is an interactive link between the ______ and the _________.

  1. user, computer software

  2. user, computer hardware

  3. data, computer software

  4. people, computer hardware
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The operating system serves as an intermediary between the user and the computer hardware, allowing users to interact with the machine without needing to understand low-level hardware operations.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

Connectivity is acknowledged as a _________ element of the computer system.

  1. fourth

  2. fifth

  3. sixth

  4. seventh
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In many standard information systems frameworks, the six elements are hardware, software, data, procedures, people, and connectivity (or network).

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

___________ occurs to ensure that the transaction in terms of delivery of money by ATM has been completed.

  1. Processing

  2. Revalidation

  3. Storage

  4. Information
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Revalidation in the context of ATM transactions ensures that the requested action (dispensing money) has been successfully completed and recorded by the system.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

____________ is responsible for performing all the arithmetic computations such as addition, subtraction, division, multiplication and exponentiation.

  1. Memory unit

  2. Control unit

  3. Arithmetic and Logic unit

  4. Both a and b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Arithmetic and Logic Unit (ALU) is the part of the CPU responsible for performing all mathematical calculations and logical operations.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

Which of the following are components of transaction processing system?

  1. Input

  2. Processing

  3. Output

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A transaction processing system (TPS) collects, stores, modifies, and retrieves the transactions of an organization. These steps involve input, processing, and output.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

______________ ensures the accuracy and reliability of input data by comparing the same with some predetermined standards or known data.

  1. Data Entry

  2. Data Validation

  3. Processing and Revalidation

  4. Storage
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Data validation is the process of ensuring that data is clean, correct, and useful. It involves checking input against predefined rules or standards to prevent errors.

Multiple choice elements of accounts overview of computerised accounting system accounting software concepts and types of computerized accounting system types of accounting software

___________________ provides online outcome in the form of information and reports without time lag between the transaction and its processing.

  1. Processing

  2. Batch Processing

  3. Real-Time Processing

  4. Both a and b
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Real-time processing systems process data immediately as it arrives, providing near-instantaneous output without the delay associated with batch processing.