ATN ACADEMY

 SEMESTER-II-COMPUTORISED ACCOUNTING-ACCOUNTING INFORMATION SYSTEM-SHORT QUESTIONS AND ANSWERS What is the meaning of AIS in accounting? accounting information system An accounting information system (AIS) involves the collection, storage, and processing of financial and accounting data used by internal users to report information to investors, creditors, and tax authorities. What are the example of AIS? Accounting Information Systems are highly versatile. Therefore, they can be used by a wide range of professionals. Examples of these are accountants, managers, analysts, consultants, Chief Financial Officers (CFOs), regulators, and tax agencies too. What are the six components of an accounting information system AIS? So, we find that accounting information systems commonly formed of six main elements: people, instructions and procedures, software, data, information technology infrastructure and internal controls. What are the types and classes of AIS? Types of AIS equipment.  For a shi

  UPSC MAINS #  HOW TO PREPARE FOR COMMERCE AND ACCOUNTANCY OPTIONAL Commerce as an optional is very technical in nature and hence a sufficient number of candidates are opting for this optional. It is a good scoring optional and provides an advantage to commerce graduates as the undergraduate and professional studies are utilized in both paper 1 & 2. Also, the fact that commerce and accountancy are your parent subjects; it makes the preparation a whole lot easier. A large portion of commerce syllabus is static in nature. Commerce is indeed a lengthy optional in terms of preparation time and revision. PROS & CONS OF COMMERCE AS AN OPTIONAL SUBJECT Pros and Cons are part and parcel of every subject, but still, Commerce is a good subject as an optional if one has a sound knowledge of what subject demands and a strong foundation comes in handy. Commerce is an interesting subject and also gives an aspirant, an opportunity to have an idea about various financial aspects. However, it

 B. COM. SEMESTER II-COMPUTERIZED ACCOUNTING MCQ- COMPUTERIZED ACCOUNTING WITH TALLY SOLVED MCQs-  B. COM. SEMESTER II-COMPUTERIZED ACCOUNTING MCQ- ################################## PART-III ################################## 51. Which option is used to enable VAT, TDS, and Service Tax etc. in Tally? A. Accounting Features B. Statutory & Taxation C. Inventory Features D. None of these ANSWER B.Statutory & Taxation 52. Which key is used to post entry in Debit Note in tally? A. F7 B. F8 C. Ctrl+F9 D. Ctrl+F8 ANSWER C.Ctrl+F9 53. Which key is used to post entry in Debit Note in Tally? A. F8 B. F9 C. Ctrl+F8 D. Ctrl+F9 ANSWER C.Ctrl+F8 54. Which of the following equation is true for balance sheet? A. Assets = Liabilities +Capital B. Liabilities = Assets – Capital C. Capital = Assets – Liabilities D. All of these ANSWER D.All of these 55. Which shortcut key is used to view Report with all details in Tally? A. F1 B. Alt + F1 C. F3 D. Alt + F2 ANSWER B.Alt + F1 56. How many options r

 B. COM. SEMESTER II-COMPUTERIZED ACCOUNTING MCQ- COMPUTERIZED ACCOUNTING WITH TALLY SOLVED MCQs ################################## PART-I ################################## 1. Tally package is developed by A. Peutronics B. Tally Solutions C. Coral Softwares D. Vedika Softwares ANSWER B.Tally Solutions 2. How many type of companies can be created in Tally? A. 2 B. 3 C. 4 D. 5 ANSWER A.2 3. Which menu appears after starting Tally for the first time? A. Gateway of Tally B. Company Info C. Display D. None of these ANSWER B.Company Info 4. Which shortcut key is pressed to go to company Info. Menu from Gateway of Tally? A. Alt+F4 B. Alt+f2 C. Alt+F1 D. Alt+F3 ANSWER D.Alt+F3 5. Which key is pressed to go to Gateway of Tally from company Info. Menu? A. Ctrl B. Alt C. Esc D. Enter ANSWER C.Esc 6. Which option is used in Tally to make changes in created company? A. Select Company B. Shut Company C. Alter D. None of these ANSWER C.Alter 7. Which option from Company Info. menu is selected to cre

  COMPUTERISED ACCOUNTING SYSTEM- MULTIPLE CHOICE QUESTIONS AND ANSWERS ################################## SET-1 ################################## Question 1. What are the features of a computerized accounting system. (a) It facilitates off-line input and storage of accounting data (b) This system never fails (c) It generates a print-out of purchase and sale invoices (d) None of the above Answer: (c) It generates a print-out of purchase and sale invoices Question 2. What is not an advantages of a computerized accounting system. (a) High Speed (b) High Reliability (c) Reduced training cost (d) None of the above Answer: (c) Reduced training cost  Question 3. What are the types of a computerized accounting system. (a) Ready to use Software (b) Customized Software (c) Tailor-made Software (d) All of the above Answer Answer: (d) All of the above  Question 4. What is the advantages of tailor-made software. (a) These are ready made softwares (b) Low cost (c) High secrecy of data (d) None of

 B. COM. SEMESTER-II-COMPUTERIZED ACCOUNTING-MCQ PART-I 1. What are the features of computerised accounting software? (a) Storage of accounting data and online input (b) Instantly produces different reports (c) Group different account (d) All of the above Answer: (d) All of the above 2. A software must be easy to _______. (a) Install (b) Adapt (c) Understand (d) All of the above Answer: (d) All of the above 3. If an organisation wants to develop a computerised accounting system according to its need as the business of the organisation is complex. Which software should opt for? (a) Ready to use software (b) Customised software (c) Tailor-made software (d) All of the above Answer: (c) Tailor-made Software 4. The ________of a vendor is also an important factor to consider while opting for computerised accounting software. (a) Level of profit (b) Honesty (c) Capability (d) None of the above Answer: (a) Level of profit 5. What are the factors to be considered while using source accounting s

  विश्वनाथ प्रताप सिंह:पिछड़ों के मसीहा बहुत अलग ही तरह के नेता थे विश्वनाथ प्रताप सिंह विश्वनाथ प्रताप सिंह (Vishwanath Pratap Singh) बहुत तेजी से राजनीति में उठे और तेजी से गायब भी हो गए वीपी सिंह ने 1990 में मंडल कमीशन लागू किया ओबीसी आरक्षण से सवर्ण समुदाय वीपी सिंह से नाराजमंडल कमीशन ने देश की राजनीतिक दशा बदल दी विश्वनाथ प्रताप सिंह (Vishwanath Pratap Singh) ऐसे राजनेता रहे जो बहुत ही अलग तरह से और अलग मुद्दों के कारण सुर्खियों में रहे. एक समय इंदिरा गांधी (Indira Gandhi) के काफी खास नेता रहे सिंह उत्तर प्रदेश के मुख्यमंत्री और केंद्रीय मंत्री भी रहे. लेकिन बाद में खुद को कांग्रेस से अलग किया और संघर्ष का रास्ता चुनकर प्रधानमंत्री (Prime Minister) पद पहुंचे. उनका कार्यकाल विवादित घटनाओं और फैसलों से भरपूर रहा और वे सत्ता से बाहर होने के बाद खुद भी राजनैतिक पटल से गायब होते गए. भारत के पूर्व प्रधानमंत्री विश्वनाथ प्रताप सिंह (Vishwanath Pratap Singh) कई कारणों से याद किए जाते हैं जो उन्हें एक अलग ही किस्म के राजनेता की श्रेणी में पहुंचाते हैं कांग्रेस (Congress) के खास और इंदिरागा

 COMPUTERIZED ACCOUNTING:-SHORT QUESTIONS AND ANSWERS 1-What is Computerised accounting and its features? ANSWER- Computerised accounting system is a software that helps businesses to manage the big financial transactions, data, reports, and statements with high efficiency, speed, and better accuracy. 2-What are the advantages of computerized accounting? ANSWER- Reduce the time spent on manual processes Less errors and increased accuracy Real-time financial information Automated invoices, credit notes and receipts Innovative financial technology Save money on resources Faster record-keeping leads to more business. 3-What are the types of computer computerized accounting system? ANSWER- Different Types of Computerized Accounting System 1-Ready-to-Use Computerized Accounting System. If you are a small-scale business owner who is looking for a budget-friendly accounting system, then this is your ideal type 2-Commercial Computerized Accounting System 3-Customized/ Tailored Computerized Acc