Class 12 Accountancy Chapter 9 Computerised Accounting System Quiz 2 (25 MCQs)

Correct Answer: B) The Income Statement and the Statement of Financial Position.

Correct Answer: B) To assist in effective business decision making.

Correct Answer: B) To manage the income, expenses, and other financial activities.

Correct Answer: C) Simplicity-single entry system with double entry completed by the system.

Correct Answer: C) Easy access to all the accounts for all users.

Correct Answer: A) Personal account.

Correct Answer: D) Accounts Payable.

Correct Answer: C) Provide 3 advantages, 3 disadvantages, and advice.

Correct Answer: D) All of the above.

Correct Answer: C) Purchases journal.

Correct Answer: B) Make effective business decisions regarding products/services and costs.

Correct Answer: C) Day book.

Correct Answer: A) Company info>Alter.

Correct Answer: C) 9.

Correct Answer: C) Computer-based, using specialised software and/or cloud-based services.

Correct Answer: C) Choosing what package to purchase.

Correct Answer: A) Primary Entry.

Correct Answer: D) Debit Cash, Credit Sales.

Correct Answer: C) Data Entry Errors.

Correct Answer: C) It may be costly and require training.

Correct Answer: A) Debit Purchases, Credit Payables.

Correct Answer: A) Purchase order.

Correct Answer: B) To make sure that the business knows what they owe and are owed, and if they are making a profit or loss.

Correct Answer: D) Cash account.

Correct Answer: C) Potential Loss of Physical Copies.