Class 11 DK Goel Solutions Chapter 26 - Computerised Accounting System
FAQs on DK Goel Solutions For Class 11 Accountancy Chapter 26
1. What do you mean by Manual Accounting?
As the name suggests, manual accounting uses manual methods for the identification of financial transactions. It follows the accounting principle. The documentation of transactions in the initial entry books is performed manually. Also, the operations of inclusion and subtraction are performed manually. In a manual computing system, the summarization of data is done manually by calculating the balance in each account separately.
2. Where can I find useful study resources for DK Goel solutions for Class 11 Accountancy chapter 26?
You can find DK Goel solutions for Class 11 Accountancy chapter 26 on the Vedantu app or website. You can find the DK Goel solutions for Class 11 Accountancy chapter 26 on Vedantu. These resources are created by professionals in the field and the content is accurate and reliable. Students can find revision notes, important questions, question papers etc on the site. These study materials are completely free and there is no cost involved. To access these useful study resources, all students have to sign in and then they will be able to download what they want in PDF format online or offline.
3. What do you mean by computerized accounting?
Like, manual accounting, computerized accounting uses manual methods for the identification of financial transactions. The process of data logging is conducted manually while all the other processes are computerized or in other words done by the computer software.
4. What are the benefits of a computerized accounting system?
The benefits of a computerized accounting system:
Reliability
High speed
Accuracy
Flexible reporting
Updating of information
Storage and retrieval
Efficiency
Lower cost
Secure
Queries
Timely reporting
5. What is Accountancy and what does it cover in Class 11?
Accountancy is a very important subject for students of Class 11 as it deals with basic accounting concepts. Studying this subject well helps you to strengthen your fundamentals of the subject. Through this subject, you will be able to grasp some of the very difficult concepts such as Analysis of Business Transaction, How to maintain the procedure of Bank Reconciliation Statement, Trial Balance & Rectification of Errors, Depreciation, Provision, & Reserves, how to maintain computerized accounting system.