Question
Write any one advantage of Tailor-made software.
✓
Answer
- It being developed according to the specifications of the user, takes care of the specific needs of the
- enterprise.The level of secrecy of data and authenticity checks are robust in such softwares. They can be
- effectively linked to some other information systems.
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Similar questions
Complete the following Statemant of Profit or Loss:
Books maintained by the Single Entry System are not as reliable as they are when maintained following the Double Entry System. Comment.
Explain how the following may be ascertained from incomplete records:
Credit sales and credit purchase.
Credit sales and credit purchase.
Explain the term 'Deferred Revenue Expenditure' with the help of an example.
OR
Give any one example of 'Deferred Revenue Expenditure'.
OR
Give any one example of 'Deferred Revenue Expenditure'.
What is meant by Provision for Discount on Debtors?
From the Balance Sheet given below, calculate:
→- Fixed Assets.
- Current Assets.
- Current Liabilities.
- Working Capital.
Write notes on the following:
- Accrued Income.
- Unearned Income.
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Is it possible to prepare a Trial Balance and check the arithmetical accuracy of the books of account under Single Entry System?
Ajay started business with capital of ₹ $5,00,000$ on $1^{\text {St }}$ April, 2022. He introduced additional capital of ₹ $3,00,000$ on $1^{\text {st }}$ October, 2022. He charged interest on capital @ $10 \%$ p.a. Calculate the amount of interest on capital and show it in the final accounts.
→Calculate Gross Profit on the basis of the following information:
$\frac{3}{4}$ of the goods are sold for ₹ 6,00,000.
→|
|
₹
|
|
Purchases
|
6,80,000
|
|
Return Outwards
|
30,000
|
|
Carriage Inwards
|
20,000
|
|
Carriage Outwards
|
15,000
|
|
Wages
|
50,000
|