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Financial Accounting Practice Test: Software Used in Accounting
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Financial Accounting Practice Test: Software Used in Accounting
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25 Questions

1. Ram want to install a computerised accounting system but his budget is low. Which software he should opt for
2. What is not an advantage of a computerized accounting system. Sol:
3. The components of Computerised Accounting System are : Sol:
4. Method of codification should be
5. When different accounts are clubbed on the basis of some common characteristics that are shared by them, the concept is known as_______.
6. _________ is the systematic assignment of number to items to classify and organise them. Sol:
7. Creation of company is the first step in Computerized Accounting process. Sol:
8. The ……….of a vendor is also an important factor to consider while opting for a computerized accounting software
9. What type of Software is an Accounting Package? Sol:
10. Which of the following software is not operating software? Sol:
11. What are the types of a computerized accounting system? Sol:
12. Computer Accounting System is used for recording the financial transaction. Sol:
13. The individual field in the sheet is known as a _________. Sol:
14. Pick the odd one out Sol:
15. What are the factors to be considered while source accounting software? Sol:
16. Accounting standards issued by ICAI are mandatory in India. Sol:
17. Such systems also generate reports which allow the accounting professionals to have a proper view of different transactions in a comprehensive manner.
18. Which among the following deals with generation of reports that are vital for management decision making?
19. Application softwares Sol:
20. A computer is an electric device Sol:
21. Control unit works as ___________ of the computer. Sol:
22. Accounting Packages are developed on the basis of Sol:
23. Features of computerised accounting system Sol:
24. Which among the following is an example of mnemonic codes? Sol:
25. Most organisations use __________ for coding their accounts. Sol:

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