Class 11 Accountancy - Chapter Applications of Computers in Accounting NCERT Solutions | Fill in the correct words : 1. The us

State the relationship between information and decision.

Explain, using examples, the relationship between the organisational MIS and the other functional information system in an organisation. Describe how AIS receives and provides information to other functional MIS.

List the distinctive advantages of a computer system over a manual system.

State the various essential features of an accounting report.

Draw block diagram showing the main components of a computer.

Describe the various elements of a computer system and explain the distinctive features of a computer system and manual system.

‘An organisation is a collection of interdependent decision-making units that exists to pursue organisational objectives’. In the light of this statement, explain the relationship between information and decisions. Also explain the role of the Transaction Processing System in facilitating the decision-making process in business organisations.

What is Accounting Information System?

Name three components of a Transaction Processing System.

Give three examples of a transaction processing system.

Name any two types of commonly used negotiable instruments.

Why is it necessary to record the adjusting entries in the preparation of final accounts?

State the meaning of incomplete records?

What is ‘Depreciation’?

Briefly state how the cash book is both journal and a ledger.

State the meaning of a trial balance?

State the four basic requirements of a database applications.

Define accounting.

Why is it necessary for accountants to assume that business entity will remain a going concern?

State the need for the preparation of bank reconciliation statement?

Which of the following is not an error of principle:

(a) Purchase of furniture debited to purchases account.
(b) Repairs on the overhauling of second hand machinery purchased debited to repairs account.
(c) Cash received from Manoj posted to Saroj.
(d) Sale of old car credited to sales account.

Distinguish between debtors and creditors.

Cash paid to Neha 2,000 was not posted to her account.
This is an error of ..................................
The wrong effect has been:

The correct effect should have been:

The rectification entry will be.

If the accounting information is not clearly presented, which of the qualitative characteristic of the accounting information is violated?

Explain errors of principle and give two examples with measures to rectify them.

A Trial balance is prepared:

(a) After preparation financial statement.
(b) After recording transactions in subsidiary books.
(c) After posting to ledger is complete.
(d) After posting to ledger is complete and accounts have been balanced.

Which of following errors will be rectified through suspense account:

(a) Sales return book undercast by Rs. 1,000.
(b) Sales return by Madhu Rs. 1,000 not recorded.
(c) Sales return by Madhu Rs. 1,000 recorded as Rs. 100.
(d) Sales return by Madhu Rs. 1,000 recorded through purchases returns book.

What are the different types of errors that are usually committed in recording business transactions?

What is meant by closing stock? Show its treatment in final accounts?

Explain the factors, which necessitated systematic accounting.