Question : There are various applications of spreadsheet in accounting. What are they?
Option 1: Text and Nunmber in accounting
Option 2: Calculation of Expense
Option 3: Calculation of income
Option 4: All of the above
Correct Answer: All of the above
Solution : The various applications of spreadsheet in accounting are as follows :
Text and number in Accounting
Calculation of Expense
Calculation of Income
Prepration of trading account
Preparation of Profit Loss Account
Trial Balance
Balance Sheet
Hence the correct answer is option 4.
Question : What is/are the applications of computerised accounting systems?
Option 1: To maintain Accounting Record of large organisations is Possible
Option 2: Separate Payroll Accounting is Possible
Option 3: Automation of All Financial Accounts
Question : What are the features of computerised accounting software?
Option 1: storage of accounting data and on-line input
Option 2: instantly produces different reports
Option 3: group different account
Question : What are the features of Computer Accounting Software (CAS)?
Option 1: Password Security
Option 2: Data Audit
Option 3: Data Vault
Question : What is/are the features of computerised accounting environment?
Option 1: Simple and Integrated
Option 2: Accuracy & Speed
Option 3: Scalability
Question : What is/are the features of an accounting computerised system?
Option 1: Data Security
Option 2: Improved Reporting
Option 3: Accuracy and Speed
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