Question
Give the names of different accounting packages.
✓
Answer
Ready-to-use: A variety of readymade softwares is available in the market. These softwares are for users at large and are not developed according to the requirements of any specific user. Most popular readymade softwares available in the market are Tally, Ex. Busy etc.
Customised: The term "Customised Software means making changes in the ready to use software so as to suit the specific requirements of the user. Any readymade software can be changed according to the needs and specifications of the user. However, the cost of installation of customised softwares are high because the cost of change is to be paid by the user.
Tailored: The term “tailor-made software means developing a software according to the needs and specifications of the user. These softwares are not available off-the-shelf.
Customised: The term "Customised Software means making changes in the ready to use software so as to suit the specific requirements of the user. Any readymade software can be changed according to the needs and specifications of the user. However, the cost of installation of customised softwares are high because the cost of change is to be paid by the user.
Tailored: The term “tailor-made software means developing a software according to the needs and specifications of the user. These softwares are not available off-the-shelf.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Discuss the need of preparing a balance sheet.
Y owes X ₹ 4,000. On 1st January, 2019, Y accepts a 3 months bill for ₹ 3,900 in satisfaction of his full claim. On the same date, it was endorsed by X to Z in satisfaction of his claim of ₹ 3,980. The bill is dishonoured on the due date. Give the Journal entries in the books of X.
Prepare Sales Return Book of Shiv Shankar, Delhi from the following transactions and post them into Ledger:
From the following particulars, ascertain the value of Opening Stock:
From the following information, prepare Trading Account for the year ended $31^{st}$ March, $2019$:
Adjusted Purchases ₹ $6,60,000$; Sales ₹ $7,44,000$; Closing Stock ₹ $50,400$; Freight and Carriage Inwards ₹ $3,600$; Wages ₹ $6,000$; Freight and Cartage Outwards ₹ $2,000$.
→Adjusted Purchases ₹ $6,60,000$; Sales ₹ $7,44,000$; Closing Stock ₹ $50,400$; Freight and Carriage Inwards ₹ $3,600$; Wages ₹ $6,000$; Freight and Cartage Outwards ₹ $2,000$.
Write Short Notes on:
Applications of Computers in Accounting.
Applications of Computers in Accounting.
A merchant has earned a Net Profit of ₹ 57,200 for the year ended 31st March, 2017. Other balances in his Ledger are as under: 
Prepare his Balance Sheet as at 31st March, 2017.
Prepare his Balance Sheet as at 31st March, 2017.What do you understand by Customised Software?
Mr. Arnav does not keep proper records of his business he provided following information, you are required to prepare a statement showing the profit or loss for the year.
Ascertainment of statement of affairs at the beginning and at the end of the, year and calculation of profit or loss.
| ₹ | |
| Capital at the beginning of the year, | 15,00,000 |
| Bills receivable, | 60,000 |
| Cash in hand, | 80,000 |
| Furniture, | 9,00,000 |
| Building, | 10,00,000 |
| Creditors, | 6,00,000 |
| Stock in trade, | 2,00,000 |
| Further capital introduced, | 3,20,000 |
| Drawings made during the period, | 80,000 |
Distinguish between statement of affairs and balance sheet.