Tag: elements of accounts

Questions Related to elements of accounts

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

  1. True

  2. False


Correct Option: A
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.

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


Correct Option: D

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


Correct Option: B

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

  1. fourth

  2. fifth

  3. sixth

  4. seventh


Correct Option: C

The ________ is also called as Visual Display Unit (VDU).

  1. keyboard

  2. monitor

  3. printer

  4. graphic plotter


Correct Option: B

___________ 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


Correct Option: B

____________ 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


Correct Option: C

Which of the following are components of transaction processing system?

  1. Input

  2. Processing

  3. Output

  4. All of the above


Correct Option: D

______________ 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


Correct Option: B

___________________ 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


Correct Option: C