Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter Computerised Accounting System. This page offers a step-by-step solution to the specific question from Exercise 2, Question 1: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
Define a computerised accounting system. Distinguish between a manual and computerised accounting system.
A Computerised Accounting System is that accounting information system that helps in processing the financial transactions and events as per the Generally Accepted Accounting Principles (GAAP) and leads to the generation of reports as per the requirements of the users.
An accounting system whether manual or computerised has two parameters, namely,
1) It has to follow the well defined concepts known as the accounting principles
2) It has to maintain the user-defined structure for maintained of records and generation of reports.
| Basis of Distinction | Manual Accounting |
Computerised Accounting |
|---|---|---|
| 1. Identifying Financial Transactions | In this system, identification of financial transactions is done manually by applying the principles of accounting. | In this system also identification of financial transactions is done manually by applying the principles of accounting. |
| 2. Recording | In this system, the recording of transactions in the books of original entry and related calculations such as adding, subtraction and totalling are done manually. | In this system, the recording of transactions i.e., storing of data in database is done manually and all other calculations are done by computers. |
| 3. Classification |
In this system, classification i.e., posting to ledger accounts is done manually. |
In this, the stored data are processed automatically by the software to give us ledger accounts. |
| 4. Summarising | In this system, summarising i.e., balancing of ledger accounts and the preparation of trial balance is done manually. | In this, transactions once recorded are stored in the database which will produce trial balance automatically. |
| 5. Adjustment Entries | The identification, recording and posting of adjustment entries is done manually. | In this, identification and recording of adjustment entries is done manually and their posting etc. is done by software. |
| 6. Financial Statements | In the manual process, preparation of trial balance is essential to produce the financial statements. | In this, financial statements are generated from the software itself and therefore there is no need to prepare a trial balance. |
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
Stay updated with our latest educational content and study tips
Parent-Teacher Meetings (PTMs) are more than quick updates on marks — they’re a chance to build a real partnership between home and school. A good Parent-Teacher Meeting conversation helps parents see beyond grades. It opens up insights about a child’s strengths, struggles, emotions and even hidden talents. When parents participate actively, they don’t just track […]
Read MoreIn today’s world of endless information , knowing how to think is more important than knowing what to think . From school projects to real – life decisions , critical thinking helps students question ideas , analyze facts and form logical conclusions . But what exactly does critical thinking mean ? Simply put , it’s […]
Read MoreEvery student dreams of better grades , stronger focus and more study time – but the real challenge isn’t starting, it’s staying consistent . Building productive study habits is not about studying all day , it’s about studying smart . In today’s fast – paced digital world, distractions are everywhere – from endless phone notifications […]
Read MoreOnline gaming has rapidly become one of the most popular pastimes among children. Whether it’s multiplayer mobile games , PC adventures or console challenges , kids are spending more time than ever in the virtual world . On the surface, gaming seems entertaining and even educational – improving hand- eye coordination , teamwork and problem […]
Read MoreWelcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 2 , Question 1: Define a computerised accounting system. Distinguish between a manual and computerised accounting sy....
Add Comment