Practice Cost - 11.7.1 | 11. Introduction to the Use of Computers in Accounting | ICSE Class 11 Accountancy
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11.7.1 - Cost

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does 'Initial Setup Cost' refer to in computerized accounting?

💡 Hint: Think about the costs involved before starting.

Question 2

Easy

Why is training staff important when implementing new software?

💡 Hint: Consider how employees adapt to new tools.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is one major concern for small businesses when implementing accounting systems?

  • High initial setup costs
  • Lack of interest
  • Availability of staff
  • Software eye-catchiness

💡 Hint: Think about the capital needed at the beginning.

Question 2

Is training essential for staff when implementing new accounting software?

  • True
  • False

💡 Hint: Consider how employees adapt to new tools.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Your company decides to implement a computerized accounting system. You need to create a budget justifying investment considering initial costs, training, and potential risk mitigation. Prepare a proposal.

💡 Hint: Break down each component and justify why it’s necessary.

Question 2

Discuss how a lack of staff training can lead to unexpected costs in the implementation of computerized accounting. Provide at least two examples based on situations.

💡 Hint: Think about the consequences of not addressing training needs upfront.

Challenge and get performance evaluation