Tag: application of computerised accounting system

Questions Related to application of computerised accounting system

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

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

  1. Computer Hardware

  2. Software

  3. Financial Data

  4. None of the above

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Correct Option: D

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

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

  1. resource optimisation

  2. quick decisio-making

  3. control

  4. all of the above

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Correct Option: D

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

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

  1. True

  2. False

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Correct Option: A

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

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

  1. Online Input and Storage of Accounting Data.

  2. Printout of Vouchers and Invoices.

  3. Recording of Bank Receipts.

  4. None of the above.

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Correct Option: D

Which of the following are the limitations of computer system?

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

  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

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Correct Option: A
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.

Computer systems as on date do not possess any _______.

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

  1. Commonsense

  2. Intelligence quotient

  3. Decision

  4. None of the above

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Correct Option: A
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. 

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

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

  1. commonsense, information

  2. knowledge, IQ

  3. information, knowledge

  4. none of the above

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Correct Option: C
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.

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.

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

  1. Only a

  2. Only b

  3. Both a and b

  4. None of the above

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Correct Option: C
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.

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.

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

  1. Only a

  2. Only b

  3. Both a and b

  4. None of the above

Show answer
Correct Option: A
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.

Computers are dumb devices with ______. 

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

  1. Lack of commonsense

  2. Lack of decision-making

  3. Zero IQ

  4. None of the above

Show answer
Correct Option: C
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.