Computerised Accounting

Overview

Easy

What are the internal controls designed to do ?

Only ensure accurate accounting records

Safeguard assets and optimize use of resource

Only safeguard assets

Only achieve maximum revenue

✅ Correct Option: 2

Internal controls are policies and procedures designed to safeguard the organisation's assets, ensure accuracy of accounting records, promote operational efficiency, and optimize the use of resources. Hence, their objective is broader than any single function.

2025: 26 May Shift 2

__________sub system deals with payment of wages and salary to employees.

2025: 26 May Shift 2

Which of the following is not the advantage of Computerised Accounting System (CAS):

2026: 12 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Data	(I) Users
(B) Application Software	(II) The raw facts for any business application
(C) People	(III) Tally
(D) Procedure	(IV) A logical sequence of action to perform task

Choose the correct answer from the options given below:

2026: 21 May Shift 2

"It deals with the ascertainment of the cost of goods produced. It has linkages with other accounting sub-systems for obtaining the necessary information about cost of material, labour, and other expenses. This system generates information about changes in the cost that takes place during the period under review."

Identify the subsystem of AIS being highlighted in the above information

2025: 16 May Shift 1

Which of the following should not be an accounting package feature, when considering for Small- Business?

2023: 20 June Shift 2

MS Access is a

What are the internal controls designed to do ?

Solution

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