Tag: using computerised accounting system

Quizzes (2) Questions (26)

Questions Related to using computerised accounting system

Multiple choice elements of accounts using computerised accounting system grouping and codification of accounting steps in installation of cas accounting information system

A report must be effective and efficient to the user and should substantiate the decision-making process.

  1. True

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

When the related information is summarized to meet a particular need, it is called as a Report. The content and design of the reports is expected to vary depending up on the level to which it is submitted and decision to made on the basis of the report. Hence, a report must be effective and efficient to the user and should substantiate the decision-making process. Hence, a report must be effective and efficient to the user and should substantiate the decision-making process.

Multiple choice elements of accounts using computerised accounting system grouping and codification of accounting steps in installation of cas accounting information system

According to the conditions or exceptions the exception report is prepared.

  1. True

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

According to the conditions or exceptions the exception report is prepared. for example, inventory report in short supplies, stock status query, over stocked status, etc.

Multiple choice elements of accounts using computerised accounting system grouping and codification of accounting steps in installation of cas accounting information system

The accounting Sub-system transaction cycle would not include the processing of purchase orders.

  1. True

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

The accounting Sub-system transaction cycle would include the processing of purchase orders, advance to suppliers/vendors, inventory status updation, account payable etc.

Multiple choice elements of accounts using computerised accounting system grouping and codification of accounting steps in installation of cas accounting information system

Bad debts report for a given product, Stock valuation report are prepared under ________ reports.

  1. summary

  2. demand

  3. exception

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

 Demand Reports This reports are prepared only when the management request them, e.g,Bad Debts Report for a given product ,Stock Valuation Report.

Multiple choice elements of accounts using computerised accounting system grouping and codification of accounting steps in installation of cas accounting information system

Under ______________, the business process in the marketing and sales department involve functions such as inquiry, contact creation, entry of orders, etc.

  1. AIS and Marketing Information System

  2. AIS and Manufacturing Information System

  3. Accounting Information System

  4. Manufacturing Information System
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The integration of Accounting Information Systems (AIS) with Marketing Information Systems allows for the seamless handling of sales-related business processes like inquiries, order entry, and customer contact management.

Multiple choice elements of accounts using computerised accounting system grouping and codification of accounting steps in installation of cas accounting information system

Stock status query, over stocked status are to be prepared under ___________ reports.

  1. summary

  2. demand

  3. responsibility

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

Exception reports are used to identify items that deviate from normal operating levels, such as stock levels that are too high or too low, requiring management intervention.