Accountancy Part II - Applications of Computers in Accounting
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Preview questions
1. Which of the following is a primary advantage of using computers in accounting?
Increased manual labor · Higher chances of errors · Faster data processing · Limited data storage
2. What is the term used for software that helps in managing financial transactions?
Database Management System · Spreadsheet Software · Accounting Software · Word Processing Software
3. Which of the following is NOT a feature of computerized accounting systems?
Real-time data processing · Automated report generation · Manual ledger maintenance · Data security
4. What does ERP stand for in the context of accounting software?
Enterprise Resource Planning · Electronic Resource Processing · Enterprise Reporting Program · Electronic Resource Planning
5. Which component of a computerized accounting system is responsible for data entry?
Output devices · Input devices · Storage devices · Processing units
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