DK Goel Solutions Class 11 Chapter 26 Computerised Accounting System

1. DK Goel Solutions Class 11 Chapter 26 Computerised Accounting System DK Goel Accountancy Class 11 Solutions Chapter 26 Computerised Accounting System , 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 26 Short Answer Questions Question 1: Define a computerised accounting system. Distinguish between a manual and computerised accounting system. Solution 1: The accounting information system that helps manage financial transactions and activities in compliance with generally accepted accounting principles is a computerized accounting system (GAAP).

2. The variations between the manual and the computerized accounting system are:— Manual Accounting:- Identification of financial transactions in this method is performed manually by following the accounting principle. Manually, the documentation of transactions in the initial entry books and similar measurements such as the inclusion of subtraction and totaling are performed. Classification posting to ledger accounts is handled manually in this system, consuming too much time. Computerised Accounting:- Identification of financial transactions in this method is performed manually by following the accounting principle. Transaction logging, i.e. data collection in the database, is conducted manually and all other measurements are performed by computers. The accumulated data is interpreted automatically by the program in this system to provide us with ledger accounts. Question 2: Explain briefly any four advantages of computerised accounting system over the manual system. Solution 2: The benefits over the manual method of the computerized accounting system:- 1. High Pace:- A computer’s accounting speed is much quicker than a human being’s. 2. Reliability:- The degree of reliability of a computer’s generated knowledge is enormous. In terms of the volume of the work, the reliability remains the same, although in the case of voluminous work, the reliability of a human job may be questionable. 3. Accuracy:- If a specific program is supplied, the accuracy of a machine cannot be doubted. All the findings based on such a program will be 100% correct, while the outcome generated by a human being could differ due to carelessness, etc. 4. Updating Documents:- All relevant records on a computer are immediately changed after any information is punched in, while all records may have to be altered one by one in the case of manual accounts. Question 3: Computerised accounting system is the best form of accounting system. Do you agree? Comment.

3. Solution 3: “The best form of accounting system is the computerized accounting system,” as the benefits below are there:- 1. High speed 2. Reliability 3. Accuracy 4. Updating on information 5. Efficiency 6. Legibility 7. Lower Cost 8. Timely Reporting 9. Flexible Reporting 10.Storage and Retrieval 11. Secure 12.Queries Question 4: Mention three limitations of the CAS (Computerised Accounting System). Solution 4: Below are the limitations of CAS:- 1. Staff Opposition:- Introduction of computer lead to a lot of retrenchment as well as complication of activities which result in resistance of the staff. 2. High Cost of training:- The computerised accounting packages generally require specialised staff personal, which leads to heavy amount of cost of training. 3. Adverse effects on health:- The excessive use to computers may lead to various health problems like eye strains, back aches, muscular pain etc. Question 5: ‘Accounting software is an integral part of the computerised accounting system’ Explain. Solution 5: ‘Accounting software is an integral part of the computerised accounting system’. Every business need computerised accounting system. But before acquiring any software it is very

4. important to analyse the level of expertise of the people who would use it. Because eventually it is people and not the computer who are responsible for accounting. The need for the accounting software arises in two situation’s namely: (i) When the computerised system is replacing the manual system (ii) When the computerised system already exists in the organisation and it is to be altered according to the recent changes. Question 6: Briefly list the generic considerations before sourcing accounting software. Solution 6: The list of generic considerations before sourcing accounting software:- 1.) The cost of installation and maintenance:- A simple cost benefit analysis is done before installing any software. 2.) Flexibility:- It is one of the important considerations before sourcing an accounting software. 3.) Adaptability and Training needs:- The accounting software should be easily understandable and adaptable. 4.) Size of the organisation:- The size of the organisation and the volume of its accounting transactions determine the requirements of the type of accounting software. 5.) The level of MIS reporting:- The level of use and utility of MIS reporting in on organisation determine the acquisition of software to a lot of extent. Question 7: Give the names of different accounting packages. Solution 7: Below are the different accounting packages:- 1.) Ready-to-use

5. 2.) Customised 3.) Tailored Question 8: Give names of two multi-user operating systems. Solution 8: Below are the multi-user operating systems:- 1.) UNIX 2.) Linux Also read - Dk Goel Solutions Class 12 Download Free study materials for your Examinations at DK goel Solutions