Class 12 Computerised Accounting Mock Test (CBSE)

Topics in Computerised Accounting

• Concept of computerised accounting system
• Components of computerised accounting system
• Advantages and limitations of computerised accounting
• Accounting software
• Sourcing of accounting software
• Generic considerations before sourcing software
• Electronic spreadsheet
• Database management system in accounting

Computerised Accounting practice questions with answers

1. Q1Multiple choice·1 mark
   Which of the following is a vital generic consideration to evaluate before sourcing accounting software for a business enterprise?

   1. (a)Its ability to remove the need for accounting knowledge among the staff
   2. (b)Its flexibility and suitability to the firm's business operations
   3. (c)Its ability to detect errors of principle in transactions on its own
   4. (d)Its facility to record transactions without vouchers or source documents
   Show answer and step marks

   1. Correct option: (b) Its flexibility and suitability to the firm's business operations+1

   Answer: (b)
2. Q2Multiple choice·1 mark
   Which of the following best describes the primary options available for sourcing accounting software for an organization?

   1. (a)Ready-to-use, customized, and tailor-made software
   2. (b)Only customized and cloud-based software
   3. (c)Freeware, shareware, and proprietary operating systems
   4. (d)Standalone hardware and peripheral devices
   Show answer and step marks

   1. Correct option: (a) Ready-to-use, customized, and tailor-made software+1

   Answer: (a)
3. Q3Short answer·2 marks
   Explain any two key applications or features of an electronic spreadsheet that make it an essential tool in computerised accounting.
   Show answer and step marks

   1. First application explained, any one of: preparing financial statements and reports with built-in formulas and functions; payroll accounting; loan repayment (EMI) schedules; depreciation schedules and asset accounting; tax computation; sorting, filtering and pivot tables to summarise data; charts and graphs to present data; budgeting and what-if analysis; or any other valid application.+1
   2. Second application explained, a different one from the same list.+1

   Answer: Any two of: preparing financial statements with formulas; payroll; loan repayment schedules; depreciation schedules; tax computation; sorting, filtering and pivot tables; charts and graphs; budgeting and what-if analysis.

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