Tag: application of computerised accounting system

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Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Which of the following is not included in components of computerised accounting system?

  1. Computer Hardware

  2. Software

  3. Financial Data

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All the listed options (computer hardware, software, and financial data) are components of a computerized accounting system. Since all options are included, the correct choice is None of the above meaning none of these are excluded from the components.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

The success of a growing organisation with a complexity of transactions tends to depend on ______________.

  1. resource optimisation

  2. quick decisio-making

  3. control

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

As organizations grow, they require efficient resource management, quick decision-making, and strong internal controls to maintain stability and profitability.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

The accounting software is so designed that a transaction, once entered, is automatically transported or transferred or posted to the ledger account.

  1. True

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

One of the primary benefits of computerized accounting software is the automation of posting transactions to the general ledger once they are entered in a journal or voucher.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Which of the following is not the feature of Computerised Accounting System?

  1. Online Input and Storage of Accounting Data.

  2. Printout of Vouchers and Invoices.

  3. Recording of Bank Receipts.

  4. None of the above.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All options listed (online input and storage, printout of vouchers and invoices, recording of bank receipts) are indeed features of computerized accounting systems. Since all are features, the correct answer is None of the above, meaning none of these are excluded as features.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Which of the following are the limitations of computer system?

  1. Lack of commonsense, Lack of decision making, Zero IQ

  2. Speed, Accuracy, Zero IQ

  3. Lack of commonsense, Lack of decision making, Accuracy

  4. Lack of commonsense, Speed, Accuracy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A computer system possesses some characteristics, which in comparison to human beings, turn out to be its capabilities but there are some limitations of computer system which are as follows: Lack of commonsense, Zero IQ, Lack of decision-making etc.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Computer systems as on date do not possess any _______.

  1. Commonsense

  2. Intelligence quotient

  3. Decision

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Computer systems as on date do not possess any commonsense because no full-proof algorithm has been designed to programme common sense. Since computers work according to a stored programme(s), they simply lack of commonsense. 

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Decision-making is a complex process involving ______, _____, intelligence, wisdom and ability to judge.

  1. commonsense, information

  2. knowledge, IQ

  3. information, knowledge

  4. none of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Decision-making is a complex process involving information, knowledge, intelligence, wisdom and ability to judge. Computers cannot take decisions on their own because they do not possess all essential of decision-making. They can be programmed to take such decisions, which are purely procedure-oriented.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Which of the following is the limitation of computer system?

a. Computers cannot take decisions on their own because they do not possess all the essentials of decision-making.
b. Computer system as on date do not possess any common sense because no full-proof algorithm has been designed to programme common sense.

  1. Only a

  2. Only b

  3. Both a and b

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

There are various limitations of computer system i.e. lack of commonsense, zero IQ, lack of decision-making.
Lack of commonsense: Computer systems as on the date do not possess any commonsense because no full-proof algorithm has been designed to programme commonsense. Since computers work according to a stored programme(s).
Zero IQ: Computers are dumb devices with zero intelligence quotient (IQ). They cannot visualize and thinking what exactly to do under a particular situation, unless they have been programmed to tackle that situation. Computers must be directed to perform each and every action. 
Lack of decision-making: Decision-making is a complex process involving information, knowledge, intelligence, wisdom and ability to judge. Computers cannot take decisions on their own because they do not possess all essential of decision-making. They can be programmed to take such decisions, which are purely procedure-oriented.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Which of the following is the advantage of computer system?

a. Accuracy is the degree of exactness with which computations are made and operations are performed.
b. Computer are dumb devices with zero IQ.

  1. Only a

  2. Only b

  3. Both a and b

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A computer system possesses some characteristics which, in comparison to human beings, turn out to be its capabilities. Some of the advantages of computers system are: 1) Speed, 2) Accuracy, 3) Versatility, 4) Reliability, 5) Storage etc.
There are also some limitations of computer system which are: 1) Lack of commonsense, 2) Zero IQ, 3) lack of decision-making.

Multiple choice elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

Computers are dumb devices with ______. 

  1. Lack of commonsense

  2. Lack of decision-making

  3. Zero IQ

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Computers are dumb devices with zero intelligence quotient (IQ). They cannot visualize and thinking what exactly to do under a particular situation, unless they have been programmed to tackle that situation. Computers must be directed to perform each and every action.