Tag: accounting software

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Questions Related to accounting software

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

__________ is the brain of the computer.

  1. ALU

  2. VDU

  3. CPU

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

Central processing unit is the main part of the computer hardware that actually processes data according to instructions it receives. It controls the flow of data by directing the data to enter the system, places the data into its memory, retrieves the same as and when needed and directs the output of data according to a set of stored instructions. Hence, CPU is also called as brain of computer.

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

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

  1. True

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

Data validation ensures the accuracy  and reliability of input data by comparing the same with some predetermined standards or known data. This verification is performed by error detection and error correction procedures.

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

________ are among the earliest computerised systems catering to the requirements of large business enterprises.

  1. Central Processing Unit (CPU)

  2. Transaction Processing System (TPS)

  3. Arithmetic and Logic Unit (ALU)

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

Transaction Processing Systems (TPS) are among the earliest computerised systems catering to the requirements of large business enterprises. The purpose of typical TPS is to record, process, validate and store transactions that occur in the various functional area of a business for subsequent retrieval and usage.

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

Real-time processing provides offline outcome in the form of information and reports without time lag between the transaction and its processing.

  1. True

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

Real-time processing provides offline outcome in the form of information and reports without time lag between the transaction and its processing. The accounting reports are generated by query language popularly called Structured Query Language (SQL).

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

Every accounting system is essentially a part of the _________.

  1. Accounting Internal System (AIS)

  2. Accounting Information System (AIS)

  3. Accounting Informal System (AIS)

  4. Accounting Interactive System (AIS)
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Accounting Information System (AIS) identifies, collects, processes, and communicates economic information about an entity to a wide variety of users. Every accounting system is essentially a part of the Accounting Information System (AIS) which in turn is a part of the broader system, viz. the organisation's Management Information System.

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).