DK Goel Solutions Class 11 Chapter 25 as per latest DK Goel Book

1. DK Goel Solutions Class 11 Chapter 25 DK Goel Accountancy Class 11 Solutions Chapter 25, which is laid out by master Accountancy instructors from the most recent form of DK Goel Class 11 Accountancy books. We, at Dk Goel Solutions help students to fathom every one of the hypotheses, specifically. There are various ideas in Accountancy, however the ideas of Trial Balance, Depreciation and Bank Reconciliation Statement (BRS) are required. DK Goel Solutions Class 11 – Chapter 25 Short Answer Questions Question 1: Write a detailed note on Transaction Processing System (TPS). Solution 1: This are the computerized systems that carry out and document the everyday routine transactions required for the organization to be carried out. At the organizational stage, TPS represents the enterprise.

2. Transaction Management System Processes: 1. Data collection:- This collects all the details required for one or more purchases to be performed either manually or using machines such as scanners and point-of-sale equipment. 2. Data Editing:- It is the method of confirming the authenticity and completeness of the data. 3. Validation of data:- It is the method of validating the correctness of the information and then correcting it if errors are detected. 4. Data Manipulation:- It is a measurement method. 5. Data Storage:- The method of placing one or more records of transaction information. 6. Output generation:- It is the practice of generating reports and records of output. 7. Query Support:- The method of making the mechanism accessible empowers TPS users to query the stored data and retrieve the information needed in the required format. Question 2: Name different information systems. Solution 2: The titles of information systems are below:— 1.) Executive Support System (ESS) 2.) Management Information System (MIS) 3.) Decision Support Systems (DSS) 4.) Transaction Processing Systems (TPS) Question 3: Define AIS. Solution 3:

3. An Accounting Information System is a system used in monetary terms to compile, store, summarize and publish information about a corporate organization. Question 4: Name AIS sub-systems. Solution 4: Below are four main sub-systems of an AIS namely:- 1.) Input 2.) Process 3.) Output 4.) Control Question 5: What is meant by Accounting Information System? List four features of a good Accounting Information System. Solution 5: An Accounting Information System is a system used in monetary terms to compile, store, summarize and publish information about a corporate organization. AIS’s principal features are as follows: 1.) AIS aids in the handling and exploitation of an organization’s accounting and financial transfers. 2.) By producing reports, AIS is responsible for satisfying knowledge needs. Two forms of these records are: (a) Observers’ findings (b) Confidential Reports is the Internal Reports 3.) In the form of budget projections etc., AIS assists in generating futuristic data. 4.) AIS is useful in keeping financial documents, as per the law’s guidelines.

4. Question 6: What are the various purpose of AIS? Solution 6: Below are the six purposes of AIS:- 1. 2. Inventory Control 3. Accounts Receivable 4. Accounts Payable 5. Payroll 6. General Ledger Sales order Processing Question 7: Bring out the relationship between MIS and AIS. Solution 7: A management information system is an information system that produces reliable, timely and structured information to aid administrators in decision-making, process control, problem solving, organizational reporting and progress monitoring. The accounting information system defines, gathers, processes and shares an organization’s economic information to a broad spectrum of consumers. The accounting information system is one of the functional information systems, and the management information system is linked to all of the organization’s functional information systems. Question 8: Write a note on relationship between Accounting Information System, Manufacturing Information System and Human resource system. Solution 8: They are mutually linked to the three operating departments. The Department of Human Resources gives the Production Department and the Accounting Department a list of the number of employees, their category, their skill level, etc. On obtaining such a list, the manufacturing department sends a report on the amount of productivity accomplished by each worker and other deductions to be

5. made on different accounts from their salaries. The production department sends this letter to both the Accounting department as well as the HR department. On getting such information, the Accounting Department makes its own estimates of the employees’ various contractual payments and dues and makes the final payments and sends the same report to both the HR Department and the manufacturing department to track the employees’ results. Question 9: Bring out the relationship between AIS and Marketing Information System. Solution 9: A computer-based framework is the Management Information System, most generally known as MIS. In reality, MIS allows the company to coordinate and analyse information and data, especially managers, and provide information in a timely and productive manner. It also allows management to make choices based on the evidence and interpretation given by the MIS. The Accounting Information System (AIS) is also a computer-based system used to make major financial decisions for an entity. An AIS can compile, sort, interpret and archive a company’s financial records. And such data will be collected and submitted to its users as called upon, including accountants, analysts, CFO financial officers, auditors, government tax authorities, etc. Also read - Dk Goel Solutions Class 12 Download Free study materials for your Examinations at DK goel Solutions