Tag: elements of accounts

Questions Related to elements of accounts

A simple computerised accounting system accepts the complete transaction data as output.

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

  1. True

  2. False

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Correct Option: B
Explanation:

A simple computerised accounting system accepts the complete transaction data as input; stores such data in computer storage media (say hard disk) and retrieves the accounting data for processing as and when required for generating an accounting report, as output. 

MIS is viewed and used by which of the following levels by management?

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

  1. Operational, Tactical, Static

  2. Operational, Factual, Strategic

  3. Operational, Tactical, Strategic

  4. Operational, Tactical, Sequencial

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Correct Option: C
Explanation:

MIS is supportive of the institution's long-term strategic goals and objectives. MIS is viewed and used at many levels by management: Operational, Tactical and Strategic.

Which of the following represent examples of general, application and user control activities, respectively, in the computer environment?

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  1. Control over access to programs, computer exception. reports, and manual checks of computer output.

  2. Manual checks of computer output, control over access to programs and computer exception reports.

  3. Computer exception reports, control over access to programs and manual checks of computer output.

  4. Manual checks of computer output, computer exception reports and control over access to programs

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Correct Option: A

Accounting information system identifies, collects, processes, and communicates economic information about an entity to a wide variety of users. 

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

  1. True

  2. False

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Correct Option: A
Explanation:

Accounting Information System (AIS) identifies, collects, processes, and communicates economic information about an entity to a wide variety of users. Such information is organised in a manner that correct decisions can be based on it. 

To export the report in ASCII, HTML or XML format, which of the following shortcut key one will use in tally ?

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  1. ALT+ E

  2. ALT+ P

  3. ALT+ EX

  4. ALT+ IE

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Correct Option: A

If an auditor is using test data in a client's computer system to test the integrity of the system's output, which of the following type of controls is the auditor testing.

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

  1. General controls

  2. User controls

  3. Quantitative test controls

  4. Application controls

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Correct Option: D

Which of the following would not be an appropriate procedure for testing the general control activities of an information system?

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

  1. Inquiries of client personnel

  2. Inspecting computer logs

  3. Testing for the serial sequence of source documents

  4. Examination of the organizational chart to determine the segregation of duties

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Correct Option: C

____________ are a set of computer programmes, which are designed to perform certain supporting operations.

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

  1. operating system

  2. utility programmes

  3. application software

  4. language processors

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Correct Option: B

__________ are user oriented programmes designed and developed for performing certain specified tasks.

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

  1. Operating system

  2. language processors

  3. utility programmes

  4. application software

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Correct Option: D

_____________ are set of programmes which control internal functions.

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

  1. operating system

  2. application software

  3. system software

  4. connectivity software

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Correct Option: C