Class 11 Accountancy - Chapter Computerised Accounting System NCERT Solutions | State the four basic requirements of a d

Describe the various types of accounting software along with their advantages and limitations.

‘Computerised Accounting Systems are best form of accounting system’. Do you agree? Comment.

Name the various categories of accounting package.

Define a computerised accounting system. Distinguish between a manual and computerised accounting system.

Database is implemented using ........

A sequence of actions taken to transform the data into decision useful information is called.......

‘Accounting software is an integral part of the computerised accounting system’ Explain. Briefly list the generic considerations before sourcing an accounting software.

The framework of storage and processing of data is called as ........

Give examples of two types of operating systems.

Give two examples each of the organisations where ‘ready-to-use’, ‘customised’, and ‘tailored’ accounting packages respectively suitable to perform the accounting activity.

Name any two types of commonly used negotiable instruments.

Why is it necessary to record the adjusting entries in the preparation of final accounts?

State the meaning of incomplete records?

What is ‘Depreciation’?

Briefly state how the cash book is both journal and a ledger.

State the meaning of a trial balance?

Define accounting.

State the different elements of a computer system.

Why is it necessary for accountants to assume that business entity will remain a going concern?

State the need for the preparation of bank reconciliation statement?

Passbook is a copy of:
  (a) Copy of customer Account      (b) Bank column of cash book
  (c) Cash column of cash book      (d) Copy of receipts and payments

The primary qualities that make accounting information useful for decision-making are :
(a) Relevance and freedom from bias
(b) Reliability and comparability
(c) Comparability and consistency
(d) None of the above

Name three components of a Transaction Processing System.

Match the items given under ‘A’ with the correct items under ‘B’
(i) Closing stock is credited to                                                  (a) Trial balance
(ii) Accuracy of book of account is tested by                            (b) Trading account
(iii) On returning the goods to seller, the buyer sends              (c) Credit note
(iv) The financial position is determined by                              (d) Balance sheet
(v) On receiving the returned goods from the                          (e) Debit note
buyer, the seller sends

Accounting equation remains intact under all circumstances. Justify the statement with the help of an example.

Unfavourable bank balance means:
  (a) Credit balance in passbook        (b) Credit balance in cash book
  (c) Debit balance in cash book        (d) None of these

Which qualitative characteristics of accounting information is reflected when accounting information is clearly presented?
a. Understandability
b. Relevance
c. Comparability
d. Reliability

State the meaning of incomplete records?

What is difference between trade discount and cash discount?

Define revenues and expenses?