Class 11 Accountancy NCERT Solutions Chapter 13 Computerised Accounting System
We present you with NCERT Solutions of Class 11, Accountancy, Chapter 13. Vedantu provides you with expert teachers to answer all your queries about the topic thoroughly. Every subject has its own credibility and our expert teachers are the best in class to reach out to every single student, making sure that every question is resolved. This makes studies interesting casting eagerness out of every candidate aiming for excellence. Accountancy Class 11 Chapter 13 solutions can be downloaded by clicking on the pdf link available on this page. Vedantu makes it possible to get various subjects like Mathematics, Science, English, Hindi solutions all in one place. Now, heading to our topic for discussion.
FAQs on NCERT Solutions for Class 11 Accountancy Chapter 13 Computerised Accounting System
1. Is There a Need to Change Accounting Standards With Evolving Technology?
Prodigious development in the IT industry with its effect on the profession of auditing and accounting, resulting in the emergence of big data has made the bodies to consider revising the current accounting standards or issuing out new standards. Accountancy has evolved on many such levels. More and more doors open with the usage of Information Technology in Accountancy and will continue. Many people believe that access to new software has made an accountants' job easier. They are not wrong, since time is money, and digitalization has saved a lot of time consumed in balancing the books and verifying the ledger's accuracy.
2. Name and Briefly Explain Four Limitations and Four Advantages of the Computerized Accounting System.
Limitations of Computerized Accounting System are as follows:
Health Scares: Extensive use of computers can lead to various health problems like backache and eye strain. As a result, work efficiency may be reduced with an increase in medical bills.
Training Costs: New hardware and software are needed to be introduced to maintain effectiveness and efficiency. These require special training for the staff. The firm/company bears training costs.
Installation/Upgrading Costs: The systems are quite costly and it requires a huge sum to install well-established Accounting software.
Breach of Data/Virus Attacks: Computer viruses are well known for disrupting work worldwide. Computer systems need to be well monitored and maintained to secure data. Breach of data might result in harm to individuals or enterprises.
3. How to score high marks in Class 11 Accountancy using NCERT Solutions?
Students of Class 11 can score high marks in Class 11 Accountancy by using NCERT Solutions. NCERT Solutions by Vedantu can help students to understand the concepts of Class 11 Accountancy. NCERT Solutions are available in simple and easy-to-understand language. Experts prepare the solutions by using different sources. All questions of the Class 11 Accountancy NCERT book are given in simple format so that students can clear their doubts.
4. How to download NCERT Solutions Class 11 Accountancy Chapter 13?
Students can find NCERT Solutions Class 11 Accountancy of all chapters online. Students can download the NCERT Solutions in the PDF file. They can save the NCERT Solutions Class 11 Accountancy on their computers. It is very easy to refer to the solutions and score high marks in Class 11 Accountancy. Students can download the solutions chapter-wise at free of cost from the Vedantu app and the Vedantu website to understand each chapter. This will help them to prepare for their exams quickly.
5. What do you understand by Ledger class 11 Accountancy?
Ledger is defined as a book. The book contains the details of all the credits and debits in the related account. This helps to calculate the entire outcome of the different transactions. It also helps in making a list of the accounts and analyzing the current situation of the company. It helps in diagnosing the liabilities and assets of a company to prepare true balance and make plans.
6. What are the important requirements of a computerized accounting system?
The main requirements for a computerized accounting system include reporting system, accounting framework, data processing, back-end database, and front-end database. Reporting system means preparing the final report. The accounting framework includes coding, grouping structure, and principles. Data processing means converting the given data into useful information. Back-end database means storage of data that is not accessible to the user. Front end database includes linking the user and the back-end database through interactions.
7. What are the different concepts covered in Class 11 Accountancy Chapter 13?
Class 11 Accountancy Chapter 13 is based on different types of accounting systems and their benefits. The chapter includes several important concepts related to the computerized accounting system, its advantages, and its limitations. It also includes different software used for accounting systems. Students can study from the NCERT Solutions for Class 11 Accountancy Chapter 13 available on Vedantu to understand the concepts. Students can clear all doubts related to the accounting system using NCERT Solutions.