[CUET] MCQs of Overview and Using Computerised Accounting System
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Multiple Choice Questions of overview and using computerised accounting system with answers and explanations
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Which of the following is not a component of a Computerised Accounting System?
a) Hardware
b) Software
c) Reports
d) Procedure
Ans – c)
Which of the following is the first step in the Accounting Cycle?
a) Recording in Journal
b) Analysing Transactions
c) Preparing Trial Balance
d) Posting to Ledger
Ans – b)
Assets = Liabilities + + (Revenue – __ ). Choose the correct options for filling the blanks respectively.
a) Capital, Expenses
b) Profit, Expenses
c) Expenses, Capital
d) Loss, Expenses
Ans – a)
The step comprising of ‘listing of accounts’ in the process of installation of CAS is
a) Grouping of Accounts
b) Chart of Accounts
c) Analaysis of Transactions
d) Generations of Reports
Ans – b)
Which of the following is an advantage of an ‘off-the-shelf’ software?
a) Economical
b) Ready to use
c) Developed by experienced professionals
d) All of the above
Ans – d)
The components of CAS are:
a) Rules, Data, Coding, Output
b) Data, Reports, Hardware, Softwre
c) Coding, Procedure, Data, Output
d) Data, People, Procedure, Hardware, Software
Ans – d)
An effective Computerised Accounting System should be:
a) In accessible, Complex, Fast
b) Simple, Integrated, Fast, Accurate, Reliable
c) Able to automatically assign codes to accounts
d) Obsolete, Reliable, Fast, Accurate
Ans – b)
Computer, its associated peripherals, and their network is collectively called
a) Software
b) Procedure
c) Hardware
d) Computerised Accounting System
Ans – c)
Bright Ltd has various offices in India. It has assigned codes to its various locations in the following manner:
Delhi office – BDEL
Mumbai Office – BMUM
Chennai Office – BCHE
Hyderabad Office – BHYD
This type of codification in the system is called:
a) Mnemonic Codes
b) Sequential codes
c) Number codes
d) Block codes
Ans – a)
A firm’s payment to a supplier for goods (inventory) is recorded in
a) Sales Accounting Sub-system
b) Costing Sub-system
c) Cash Sub-system
d) Budget Sub-system
Ans – c)
Codification of Accounts is required for the purpose of
a) Hierarchical relationship between groups and components
b) Faster data processing and preparation of final accounts
c) keeping data and information secure
d) None of the above
Ans – a)
Hardware, Software, and Data are some of the components of CAS. Identify
the missing components:
a) Procedure, People
b) Timely access
c) Network
d) Raw Facts
Ans – a)
Which type of software package is suitable for an organisation where the volume of accounting transactions is very low and adaptability is very high?
a) Specific
b) Generic
c) Tailored
d) i) and 3) both
Ans – b)
The method of codification should be
a) Such that it leads to the grouping of accounts
b) an identification mark
c) easy to understand, cryptic, and leads to a grouping of accounts
d) None of the above
Ans – a)
Where are amounts owed by customers for credit purchases found?
a) Accounts receivable Journal
b) General Ledger
c) Sales Journal
d) Accounts Receivable Subsidiary Ledger
Ans – d)
Which feature ensures the security of data even if it lands in the wrong hands because the receiver will not be able to decode and interpret the data?
a) Audit Trail
b) Passwords
c) Encryption
d) Codification
Ans – c)
The type of code that consists of a range of numbers is:
a) Mnemonic Codes
b) Block Codes
c) Sequential Codee
d) Alphabet codes
Ans – b)
The codification scheme utilises hierarchy for which purpose?
a) Grouping of accounts
b) Creation of a Chart of accounts
c) Security of data
d) Encryption of data
Ans – a)
Which type of codes are usually assigned to source documents for facilitating
document search?
a) Range codes
b) Mnemonic Codes
c) Block codes
d) Sequential Codes
Ans – d)
Which of the following is not yielded by CAS after processing transactions?
a) Trial Balance
b) Balance Sheet
c) Journal
d) None of the above
Ans – d)
The ability of CAS to be combined with a Management Information System (MIS) and other capabilities of the organistion is classified as
a) TRansparency
b) Integration
c) Speed
d) Reliability
Ans – b)
Liabilities refers to claims on firm by ________ and capital refers to Claims of _______.
a) Owners, Creditors
b) Creditors, Owners
c) Creditors, Debtors
d) Owners, Debtors
Ans – b)
Which of the following does not form a part of Shareholders’ Funds in the Balance Sheet?
a) Trade Payables
b) Share Application Money Pending Allotment
c) Capital Work in Progress
d) Reserves and Surplus
Ans – c)
Which of the following is a step in the installation of CAS?
a) Selection of Hardware and Software
b) Planning
c) Generation of Reports
d) All of the above
Ans – d)
What is the end product of the accounting process?
a) Grouping of Accounts
b) Implementation of CAS
c) Producing financial statements
d) Analysing transactions to record them
Ans – c)
Which type of software supports all types of printers for output?
a) Ready made software
b) Tailor-made software
c) Customised Software
d) Off the shelf Software
Ans – b)
Which of the following is not Ready-made accounting software?
a) MS Paint
b) Tally
c) Busy
d) Ex
Ans – a)
The accounting cycle is divided into phases. Arrange the following phases in correct sequences:
A: Recording of transactions in the Journal
B: Preparation of Financial Statements
C: Posting to Ledger
D: Adjusted Trial Balance is prepared
Choose the correct option:
a) C, A, D, B, AND E
b) A, D, E, C, AND B
c) A, D, C, E, AND B
D) C, A, D, E, AND B
Ans – d)
Arrange the following in the correct order in relation to the installation of a Computerised Accounting System:
A: Grouping of Accounts
B: Planning
C: Chart of Accounts
D: Procurement of Hardware and Software
E: Report Generation
Choose the correct options:
a) D, B, C, A, AND E
b) D, B, A, C, AND E
c) B, D, C, A, AND E
d) B, D, A, C AND E
Ans – c)
