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.

‘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?

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

Name three components of a Transaction Processing System.

State the different elements of a computer 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?

Select Right Answer:

Voucher is prepared for:
(i) Cash received and paid
(ii) Cash/Credit sales
(iii) Cash/Credit purchase
(iv) All of the above

A sequence of actions taken to transform the data into decision useful information is called.......

What is petty cash book? Write the advantages of petty cash book?

What are the methods of preparing trial balance?

What are the causes of depreciation?

The periodic total of purchases return journal is posted to :
(i) Purchase account
(ii) Profit and loss account
(iii) Purchase returns account
(iv) Furniture account

What is the purpose of contra entry?

Describe in detail two methods of recording depreciation. Also give the necessary journal entries.

Describe the brief history of accounting.

What is meant by Grouping and Marshalling of assets and liabilities. Explain the ways in which a balance sheet may be marshalled.