Top 50+ Solved Software Used in Accounting MCQ Questions Answer
Q. Method of codification should be
a. Such that it leads to grouping of accounts
b. An identification mark
c. Easy to understand and leads to grouping of accounts
d. None of the above
Q. Final account subsystem in Accounting Information System (AIS) deals withSol:
a. Preparation of budgets
b. Preparation of Pay Roll
c. Preparation of Final Accounts
d. None of the above
Q. Which among the following is an example of mnemonic codes?Sol:
a. AS03, AS04, AS05
b. 1925, 1926, 1927, 1928
c. ACC, ECO, ENG, MAL
d. 001-100, 101-200, 201-300, 301-400
Q. Which among the following deals with generation of reports that are vital for managementdecision making?Sol:
a. Costing sub system
b. Pay Roll Accounting Sub system
c. Budget Sub System
d. Management Information System
Q. The need of codification isSol:
a. Easy to process data
b. Keeping proper records
c. The generation of block codes
d. The encryption of data
Q. Choose the correct pairSol:
a. Cash and Bank sub system – Deals with receipts and payments of cash
b. Inventory subsystem – deals with recording of sales
c. Payroll Accounting sub system – deals with the preparation of final accounts
d. Accounts receivable sub system – deals with expenses
Q. It refers to the system of recording, organising, summarising, analysing, interpreting andcommunicating the financial data of a business.Sol:
a. Manual Accounting
b. Computerised Accounting
c. Auditing
d. Human Resource Accounting
Q. Following businesses generally require customised software:Sol:
a. Banking
b. Medical
c. Retail or point of Sale
d. All of the above
Q. Features of computerised accounting systemSol:
a. Complete visibility
b. Fast, powerful, simple and integrated
c. Accuracy and speed
d. All of the above
Q. When different accounts are clubbed on the basis of some common characteristics that areshared by them, the concept is known as_______.
a. Asset
b. Liability
c. Income
d. Grouping
Q. _________ is the systematic assignment of number to items to classify and organise them.Sol:
a. Codification
b. Coding
c. Grouping
d. Recording
Q. Most organisations use __________ for coding their accounts.Sol:
a. Block code
b. Block number
c. Block group
d. Block section
Q. Computers can be used in accounting in different number of ways:Sol:
a. Utility in batch processing
b. Utility in Online/Interactive Processing
c. Utility in Wage/Payroll System
d. All of the above
Q. Such systems also generate reports which allow the accounting professionals to have aproper view of different transactions in a comprehensive manner.
a. Enterprise Resource Planning software
b. Pre-packaged accounting software
c. Spreadsheet software
d. Customised accounting packages