Account 1 Marks Question

1. Sales Order Processing.
2. Inventory Control.

1. For Pay-roll accounting.
2. For Recalculation if some values are changed.

A computer system ideally consists of following three major elements:

1. Hardware.
2. Software.
3. Humanware

1. Excel.
2. Tally.

1. Executive Support System.
2. Management Information System.

People who design data, write programs to implement the data and who participate in operating the computer are known as Humanware.

1. BASIC
2. COBOL

Hardware: Computer Hardwares are the components of computer that have physical existence such as keyboard, CPU, monitor, mouse, etc.

An Accounting Information System is a system of collecting, processing, summarising and reporting information about a business organisation in monetary terms.

Management Information System: A Management Information System is an information system that generates, accurate, timely and organised information to help managers make decisions, control process, solve problems, supervise activities and track progress.

Hardware: Computer Hardwares are the components of computer that have physical existence, such as keyboard, CPU, monitor, mouse, etc.

• Transaction processing system.
• Decision support system.
• Executive Support system.
• Management information system.

Every accounting report must be able to fulfil the following criterion:

1. Relevance.
2. Timeliness.
3. Accuracy.
4. Completeness.
5. Summarisation.

Magnetic recorder: This unit permanently stores the data and informations fed into a Computer and is also known as memory unit.

The following are some of the distinctive advantages of a computer system over a manual system.

1. High speed.
2. Accuracy.
3. Reliability.
4. Versatilit.
5. Storage.

A computer system is a combination of six elements:
Elements of Computer System.

1. Hardware.
2. Software.
3. People.
4. Procedures.
5. Data.
6. Connectivity.

1. Operating Software.
2. Utility Software.
3. Application Softwares.

	Basis of Distinction	Hardware	Software
1.	Meaning	Computer components that can be physically touched are known as computer hardware.	A set of programme which is used with hardware to perform computer applications is known as software.
2.	Examples	Keyboard, monitor, C.P.U., magnetic recorder etc.	Operating system, utility software, application software, system software etc.