COMPUTERS IN ACCOUNTING

WHAT IS NOT AN ADVANTAGE OF A COMPUTERIZES ACCOUNTING SYSTEM.

• HIGH SPEED

• HIGH RELIABILITY

• REDUCED TRAINING COST

• NONE OF THE ABOVE

A SOFTERWARE MUST BE EASY TO....

• INSTALL

• UNDERSTAND

• ADAPT

• ALL OF THE ABOVE

WHAT ARE THE CAPABILITIES OF A COMPUTER SYSTEM

• STORAGE AND RETRIEVAL

• ACCURACY

• BOTH OPTION 1 AND 2

• OPTION 1

WHAT IS USED FOR PROCESSING RAW DATA INTO MEANINGFUL INFORMATION

• PROGRAM

• HARDWARE

• COMPUTING

• DATA PROCESSOR

WHAT ARE THE LIMITATIONS OF A COMPUTING SYSTEM

• OPERATES ON PRE DEFINED INSTRUCTIONS

• INTELLIGENCE

• DECISION MAKING

• NONE OF THE ABOVE

ADVANTAGES OF COMPUTERZIED ACCOUNTING

• UPDATING AND TREAMENT OF WRONG TRANSACTIONS ARE EASILY DONE

• AVAILABILITY OF TRAIL BALANCE IS ESSENTIAL

• THE POSTING PROCESS IS CARRIED OUT BY INTERNAL SORTING OF DATA

• ALL OF THE ABOVE

WHICH IS NOT THE DISADVANTAGES OF COMPUTERSIED ACCOUNTING

• DATA CORRUPTION

• FINANCIAL STATEMENTS

• TRAINED COMPUTER OPERATORS

• LOWER COST

CHOOSE THE CORRECT ANSWER

• MANUAL ACCOUNTING SYSTEMS USE PEN AND PAPER AND NEED HUMANS TO DO WORK. COMUTERZIED ACCOUNTING SYSTEM USES ACCOUNTING SOFTWARE TO RECORD TRANSACTIONS ELECTRONICALLY.

• COMPUTERZIED ACCOUNTING SYSTEMS USE PEN AND PAPER AND NEED HUMANS TO DO WORK. MANUAL ACCOUNTING SYSTEM USES ACCOUNTING SOFTWARE TO RECORD TRANSACTIONS ELECTRONICALLY.

ON WHAT BASIS MANUAL AND COMPUTERIZED ACCOUNTING SYSTEMS AND DIFFERENTIATED

• FINACIAL STATEMENTS

• GROUPING OF ACCOUNTS

• ADJUSTMENT ENTRIES

• CLASSIFICATON

• ALL OF THE ABOVE

WHAT ARE THE ADVANTAGES OF MANUAL ACCOUNTING SYSTEM ?

• ALWAYS ACCESSIBLE

• LESS EXPENSIVE TO SETUP

• SECURITY

• THE RISK OF CORRUPTED DATA IS MUCH LESS