Computerised Accounting System Test 2

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Computerised Accounting System Test 2

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Weekly Quiz Competition

Question 1
1 / -0

The identification of transactions, based on application of accounting principles, is common to _________ accounting system.

A
manual

B
computerised

C
Both (a) and (b)

D
None of the above

Solution

Identification of transactions is one of the activities in the context of a comparison between manual and computerized accounting systems. The identification of transactions, based on the application of accounting principles, is common to both manual and computerized accounting systems.
Question 2
1 / -0

The cost of installation and maintenance is relatively high because the high cost is to be paid to the vendor for _____.

A
Recording

B
Customisation

C
Ready-to-use

D
Tailored

Solution

The cost of installation and maintenance is relatively high because the high cost is to be paid to the vendor for customisation. the customisation includes modification and addition to the software content provisions for the specified number of users and their authentication, etc.
Question 3
1 / -0

Ready-to-use accounting software is suited to organisations running small/conventional business where the frequency or volume of accounting transaction is ________.

A
very average

B
very high

C
very low

D
very limited

Solution

Ready-to-use accounting software is suited to organisations running small/conventional business where the frequency or volume of accounting transactions is very low. This is because the cost of installation is generally low and number of users is limited.
Question 4
1 / -0

The tailored software is designed to meet the specific requirements of the users and form an important part of the ______.

A
Organisational FIS

B
Organisational MIS

C
Organisational MIE

D
Organisational MES

Solution

The tailored software is designed to meet the specific requirement of the users and form an important part of the organisational MIS (Management Information System). Tailored software can interact and share information with the various sub components of the organisational MIS.
Question 5
1 / -0

The danger of the system crashing due to hardware failures and the subsequent loss of work is a serious ___________ of computerised accounting system.

A
advantage

B
limitation

C
advantage and limitation

D
None of these

Solution

The danger of the system crashing due to hardware failures and subsequent loss of work is a serious limitation of computerised accounting system. However, providing for back-up arrangements can obviate this limitation.
Question 6
1 / -0

The preparation of financial statements pre-supposes the availability of trial balance in ________ system of accounting.

A
Computerised

B
Manual

C
Both manual and computerised

D
None of these

Solution

In a manual system of accounting, the preparation of financial statements pre-supposes the availability of trial balance. However, in computerised accounting, there is no such requirement.
Question 7
1 / -0

___________ is a well-defined procedure blended suitably with the operating environment of the organisation.

A
Accounting Framework

B
Back-end Database

C
Operating Procedure

D
Data Processing

Solution

• Operating Procedure : It is a well-defined operating procedure blended. suitably with the operating environment of the organisation. The use of computers in any database oriented application has four basic.
Question 8
1 / -0

The number of users and their interface in tailored is _____.

A
Limited

B
As per specification

C
Unlimited

D
None of the Above

Solution

The Secrecy and authenticity checks are robust in such tailored software and they offer high flexibility in terms of number of users.
Question 9
1 / -0

Secrecy of data and software can be better maintained in a ______ software.

A
Recording

B
Ready-to-use

C
Customised

D
None of the Above

Solution

Secrecy of data and software can be better maintained in customized and tailored software as compared to ready-to-use software. A customised software is made to fulfill the specific needs of each entity.
Question 10
1 / -0

The cost of installation an maintenance for ready-to-use is _____.

A
Relatively high

B
Low

C
High

D
None of the Above

Solution

The frequency or volume of accounting transactions in ready-to-use is very low. This is because the cost of installation is low and number of users is limited in ready-to-use.

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Re-Attempt Weekly Quiz Competition

Computerised Accounting System Test 2

Result

Computerised Accounting System Test 2

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Rank

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SHARING IS CARING

Question 1

manual

computerised

Both (a) and (b)

None of the above

Solution

Question 2

Recording

Customisation

Ready-to-use

Tailored

Solution

Question 3

very average

very high

very low

very limited

Solution

Question 4

Organisational FIS

Organisational MIS

Organisational MIE

Organisational MES

Solution

Question 5

advantage

limitation

advantage and limitation

None of these

Solution

Question 6

Computerised

Manual

Both manual and computerised

None of these

Solution

Question 7

Accounting Framework

Back-end Database

Operating Procedure

Data Processing

Solution

Question 8

Limited

As per specification

Unlimited

None of the Above

Solution

Question 9

Recording

Ready-to-use

Customised

None of the Above

Solution

Question 10

Relatively high

Low

High

None of the Above

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

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