Class 12 Accountancy Chapter 9 Computerised Accounting System Quiz 3 (20 MCQs)

Quiz Instructions

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1. The process of recording transactions in different journals is called:

Correct Answer: D) Journalizing.

2. Which of the following is a disadvantage of computerised accounting systems?

Correct Answer: C) Potential for technical issues.

3. Rent paid is related to

Correct Answer: C) Nominal account.

4. The ledger contains:

Correct Answer: A) All accounts necessary to prepare financial statements.

5. To change current date getway of tally press the key

Correct Answer: C) F2.

6. Which of the following is recorded in the cash receipts journal?

Correct Answer: C) Cash received on customer's account.

7. What is the purpose of the trial balance in accounting?

Correct Answer: B) To ensure that the correct balances are transferred from the ledgers.

8. The correct order is:

Correct Answer: D) Source documents $\rightarrow$ Ledger $\rightarrow$ Trial balance $\rightarrow$ Financial statements.

9. All of the following are required steps in the accounting cycle EXCEPT:

Correct Answer: D) Preparing a worksheet.

10. A purchase of supplies for cash is recorded in the

Correct Answer: A) Cash payments journal.

11. Stock statement display

Correct Answer: B) Physical stock journal.

12. Atypical report generated from a General Ledger accounting package would be .....

Correct Answer: A) Profit and loss statement.

13. The process of entering all transactions from the Journal to Ledger is called

Correct Answer: A) Posting.

14. Services performed for cash should be recorded in the

Correct Answer: C) Cash receipts journal.

15. A disadvantage of using computerised accounting system is .....

Correct Answer: A) The potential of lost audit trail if the backup is inadequate.

16. Purchase register to show the

Correct Answer: A) Purchase entry.

17. Cash received from a customer for a previous credit transaction is recorded as:

Correct Answer: B) Debit Cash, Credit Accounts Receivable.

18. What is a potential risk associated with computerised accounting systems?

Correct Answer: B) Hackers/cyber security.

19. F12 key is known as

Correct Answer: B) Company configuration.

20. When balancing a ledger account, if the debit side > credit side, the balance is:

Correct Answer: C) Carried down to the credit side.