Features of computerised accounting system: - Vidyadip

Question

Features of computerised accounting system:

✓

Answer

Main features of computerised accountingsystem are as follows: $(i)$ Speed: It can perform functions at much higher speed than the speed of humanbeings. $(ii)$ Accuracy: Computers perform functions with high degree of accuracy. If hardware,software and humanware are proper, the computerised accounting system can assure ofaccurate outcome. $(iii)$ Reliability: Computers are immune to tiredness, boredom or fatigue. They do notcommit errors even it large volume of data is to be processed by it and there providereliable information. $(iv)$ Versatility: Computers and accounting software has ability to perform diverse tasks. $(v)$ Cleanliness: As the computerised account are much clean as compared to manualaccounts, it is easy to read and understand them.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Give Answer As Asked . (3 Marks)" from P2 C11 Computers and Accounting→P2 C11 Computers and Accounting — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Components of computerised accounting system :

From the following transactions of Shri $R. K.$ Traders, write journal book.
$2018$
Jan.
$1$ Business commenced by introducing cash of $₹ 10,000,$ building $₹ 20,000$ and debtors of $₹ 5000.$
$5$ Goods purchased of $₹ 10,000.$
$7$ Goods sold for $₹ 5000$

Make classification of account type for the following :
(Wages account, Dead stock account, Laptop account, Loan interest account, Purchase return account, Gujarat University account, Furniture account, Interest on capital account, Stationery stock account, Fuel expense account, Bharatibahen's account, Shah & Sons account)

Write journal entry for transaction and explain its accounting treatment of individual transaction as per equation method :
Goods of $₹ 10,000$ purchased on cash from Naresh.

Write short-note on: $(1)$ Going Concern Concept :

Write short note on Revenue reserve.

Discuss the limitations of Single entry system In detail.

Pass jounral entries for closing the following account:
$(1)$ Interest expense account $Rs.1,000$
$(2)$ Sales return account $Rs. 3,000$
$(3)$ Purchase return account $Rs. 2,000$

Make classification of account type for the following:
(Drawings account, Copyright account, Donation account, Union bank account, Land account, Nirma Co. Account, Salary account, Carriage inward account, Furniture account, Factory expense account, Stationery account, Depreciation account)

Write the following transactions in the journal proper of Shri Saurav Shah.
$(1)$ Outstanding wages of $₹ 500.$
$(2)$ Prepaid insurance premium of $₹ 800.$
$(3)$ Receivable commission $₹ 1200.$
$(4)$ Premium of candidate received in advance of $₹ 1000.$
$(5)$ Provide depreciation of $₹ 2000$ on machinery.
$(6)$ Closing stock of goods is $₹ 15,000.$
$(7)$ Closing stock of stationery is $₹ 800.$
$(8)$ $₹ 3000$ due from Rahul is not possible to recovered now.