Key Features of Computerised Accounting System for Class 11 MCQs
MCQs for Accountancy Class 11 Chapter 13 help students practice and master the concepts of Computerised Accounting System. These questions are crucial for CBSE school exams and essential for competitive tests based on the new Accountancy syllabus. Understanding this chapter also develops skills relevant in today’s digital business world.
| Type of Accounting Software | Definition | Examples |
|---|---|---|
| Ready-to-use Software | Pre-developed, available for general business needs | Tally, QuickBooks, Busy |
| Customised Software | Standard software modified for specific organisational requirements | Custom Tally Modules |
| Tailor-made Software | Completely developed as per user’s specifications | HR-finance integration for large corporations |
Computerised Accounting System – Chapter 13 Concepts
A computerised accounting system automates the processing, storage, and reporting of financial data. Understanding these systems is vital for scoring well on MCQs for Accountancy Class 11 Chapter 13 and for grasping modern accounting practices.
Key Features of Computerised Accounting System (Class 11, Chapter 13)
- Instant input, storage, and retrieval of accounting data
- Rapid and accurate report generation
- Strong data security and regular backups
- Customisable software to suit business requirements
- Online access and report sharing capabilities
MCQs for Accountancy Class 11 Chapter 13 with Answers
Practicing MCQs for Accountancy Class 11 Chapter 13 improves your understanding and speed for exams. Below is a set of exam-focused MCQs along with answers for quick revision.
| Question | Options |
|---|---|
| 1. What are the features of computerised accounting software? |
(a) Storage of accounting data and online input (b) Instantly produces different reports (c) Group different accounts (d) All of the above |
| 2. Which software is suitable when an organisation’s needs are complex? |
(a) Ready-to-use software (b) Customised software (c) Tailor-made software (d) None of the above |
| 3. Which accounting report criteria must be fulfilled for effective reports? |
(a) Relevance, Timeliness, Accuracy, Completeness, Summarisation (b) Legibility, Speed, Automation (c) Reliability, Accuracy, Scalability (d) Globalisation, Quality |
| 4. What is not an advantage of a computerised accounting system? |
(a) High speed (b) High reliability (c) Reduced training cost (d) Real-time processing |
| 5. Which among these is not an example of system utility software? |
(a) Anti-virus utility (b) Microsoft Office package (c) Disk compression utility (d) Disk partitioning utility |
Answer Key with Explanations
| Question | Correct Option | Explanation |
|---|---|---|
| Q1 | (d) | All features listed are standard in modern accounting software. |
| Q2 | (c) | Tailor-made software is built for complex, specific needs. |
| Q3 | (a) | These are the five key effective reporting criteria in accounting. |
| Q4 | (c) | Reduced training cost is not always an advantage; training is often required. |
| Q5 | (b) | Microsoft Office is application software, not a system utility. |
Advantages and Limitations of Computerised Accounting System
A computerised accounting system offers many benefits, such as speed and accuracy. However, students must also understand its limitations—data security risks, costs, and dependence on technical support. These MCQs often appear in board exams and competitive tests.
Advantages
- Quick data processing and error reduction
- Automated report generation and analysis
- Easy integration with management systems
Limitations
- Initial cost and training expenses
- Technical issues and data security concerns
- User resistance to change
Further Resources and Practice
For complete exam preparation, students should also solve questions on related topics. Visit the following pages for deeper study and additional MCQs:
- Computerised Accounting Environment
- DK Goel Solutions Class 11 Accountancy Chapter 13
- TS Grewal Solutions Class 11 Accountancy Chapter 13
- Methods of Depreciation
- Ledger Accounts
At Vedantu, we make Accountancy concepts clear with easy-to-practice MCQs and explainers tailored for Class 11 needs. This helps you prepare not just for school exams but for future competitive environments too.
In summary, MCQs for Accountancy Class 11 Chapter 13 (Computerised Accounting System) are essential for quick revision and exam readiness. Understanding core features, software types, and differences from manual accounting improves both academic scores and practical knowledge. Practice regularly for best results.
FAQs on Accountancy Class 11 Chapter 13 MCQs: Computerised Accounting System
1. What are the main features of a computerised accounting system?
A computerised accounting system automates financial data processing, storage, and reporting. Key features include:
- Automated data entry and retrieval, saving time and effort.
- Increased speed and accuracy in generating financial reports.
- Enhanced data security through access controls and backups.
- Customisable software solutions to fit specific business needs.
- Improved efficiency in managing financial data compared to manual systems.
2. How is tailor-made accounting software different from ready-made software?
Tailor-made accounting software is customized to a specific company's unique needs, while ready-made software offers standardized features for general use. Tailor-made solutions provide greater flexibility but are more expensive and time-consuming to develop. Ready-made options are more affordable and readily available but may not fully address all specific business requirements.
3. What are the main limitations of computerised accounting systems?
While offering numerous advantages, computerised accounting systems have limitations. These include:
- High initial investment costs for software and hardware.
- Dependence on technology; malfunctions can disrupt operations.
- Potential security risks if not properly protected.
- Need for specialized skills to operate and maintain the system.
- Data loss risk if proper backups are not implemented.
4. Which accounting report criteria must be fulfilled for effective reports?
Effective accounting reports must meet specific criteria for accuracy and usefulness. These include:
- Accuracy of financial data used in the report.
- Timeliness of report generation to aid decision-making.
- Relevance to the specific needs of users.
- Clarity and understandability for all users.
- Compliance with accounting standards (e.g., GAAP or IFRS).
5. Where can I download MCQs for Accountancy Class 11 Chapter 13 as PDF?
Access to Class 11 Accountancy Chapter 13 MCQs in PDF format may vary depending on the resource. Check educational websites or online learning platforms for such resources, ensuring the material aligns with the current CBSE syllabus.
6. What are the features of computerised accounting software?
Computerised accounting software offers several key features designed to streamline financial processes. These include:
- Automated data entry: Reduces manual errors and saves time.
- Real-time reporting: Provides up-to-date financial information.
- Data security and backup: Protects financial information from loss or unauthorized access.
- Customizable reports: Allows users to generate reports tailored to their specific needs.
- Integration with other software: Enables seamless data exchange with other business systems.
7. What are the advantages of tailor-made accounting software?
Tailor-made accounting software offers several benefits, particularly for businesses with unique requirements. Advantages include:
- Customization to match specific business processes.
- Improved efficiency through optimized workflows.
- Better integration with existing systems.
- Enhanced data security with specific controls.
- Scalability to adapt to business growth.
8. What is the Computerised Accounting System?
A Computerised Accounting System (CAS) uses software and technology to record, process, store, and report financial data. It replaces manual accounting methods, increasing efficiency and accuracy. Key components include accounting software, hardware, and trained personnel.
9. What is an example of system utility software?
Examples of system utility software relevant to accounting include:
- Antivirus software to protect against malware.
- Data backup and recovery software to prevent data loss.
- Operating system utilities for managing files and processes.
- Database management systems (DBMS) for organizing and querying financial data.
These utilities are crucial for maintaining a stable and secure computerised accounting environment.
10. How does a computerised accounting system support internal controls in organisations?
A computerised accounting system strengthens internal controls by:
- Restricting access to sensitive financial data through user permissions.
- Auditing trails that track all transactions and modifications.
- Automated checks and balances to detect errors and fraud.
- Data encryption to protect sensitive information.
- Regular backups to safeguard against data loss.
