Balbharti Maharashtra State Board 12th Commerce Book Keeping & Accountancy Important Questions Chapter 10 Computer in Accounting Important Questions and Answers.
Maharashtra State Board 12th Commerce BK Important Questions Chapter 10 Computer in Accounting
1. Objective questions:
A. Select the most appropriate alternatives from those given below and rewrite the statements.
Question 1.
Computer, disk drives, monitors, printers, etc. are included in ____________
(a) Software
(b) Hardware
(c) Packages
(d) Personel
Answer:
(b) Hardware
Question 2.
____________ is the set of programme that direct the computer to perform the desired task.
(a) Software
(b) Hardware
(c) Packages
(d) Personel
Answer:
(a) Software
Question 3.
____________ are critical to the success of any endeavor because people operate the system.
(a) Software
(b) Hardware
(c) Packages
(d) Personel
Answer:
(d) Personel
Question 4.
Customized software is prepared to meet ____________ of the customer.
(a) special requirement
(b) easiness
(c) savings
(d) basic need
Answer:
(a) special requirement
Question 5.
Tailored Software is prepared for the ____________ size business.
(a) small
(b) medium
(c) large
(d) small and medium
Answer:
(c) large
Question 6.
____________ application can be downloaded and install from the websites.
(a) Ready to use
(b) Customized
(c) Tailored
(d) Free and open source
Answer:
(d) Free and open source
B. Give the word term or phrase which can substitute each of the following statements:
Question 1.
The software which is useful for small scale firms/business.
Answer:
Ready to use Software
Question 2.
Software prepared for multi-users and geographically scattered locations.
Answer:
Tailored Software
Question 3.
Details of bank transactions are maintained in this book.
Answer:
Bank book
Question 4.
The software is prepared for business transaction automation.
Answer:
Accounting Software
Question 5.
Software used for demo purposes with all major features.
Answer:
Demo Software
Question 6.
Fully functional, safe, and legal software.
Answer:
Legal Software
C. State whether the following statements are true or false with reason:
Question 1.
In Tally, the F7 key is for credit purchase or sales transactions.
Answer:
This statement is False.
In Tally F7 function key is for journal vouchers and it should not be used for credit purchase or sales transactions.
Question 2.
Pirated software is fully functional software.
Answer:
This statement is False.
Pirated software is nearly fully functional software but its use is illegal and risky.
Question 3.
Computerized Accounting is better than manual accounting.
Answer:
This statement is True.
Due to computerized Accounting, firms or businesses can save time, expenses and get the best output within no time which is not possible in manual accounting therefore computerized accounting is better than manual accounting.
Question 4.
In the computerized accounting system, closing balances are carried forward to the next period, automatically.
Answer:
This statement is True.
Just like a manual accounting system, closing balances are not to be carried forward for the next period, in a computerized accounting system. As per the program it is automatically carried forward.
D. Answer in One Sentences:
Question 1.
Write the full form of CAS, MIS, and GAPP.
Answer:
Full form of:
CAS – Computerized Accounting System.
MIS – Management Information System.
GAAP – Generally Accepted Accounting Principles.
Question 2.
Write the components which form Computerized Accounting System.
Answer:
Hardware, Software, and company Personnel are the components that form Computerized Recounting System.
Question 3.
Write the names of equipment that are included in the Hardware.
Answer:
Electronic equipment like computers, hard disks, monitors, printers, and the network that connects with them, etc. are included in Hardware.
Question 4.
In accounting software, generally which components are used?
Answer:
In accounting software generally, the following components are used:
- Creation of Accounting Documents
- Recording of Transaction.
- Preparation of Trial Balance and Financial Statements.
Question 5.
State the names of Accounting Packages.
Answer:
Ready to use, Customized, Tailored and Free, and open source are the different names of Accounting Packages.
Question 6.
State the names of Accounting Software.
Answer:
Legal/Licensed software, Demo software, and Pirated software are different accounting software.