Practice Steps Involved in Using Computers for Accounting - 11.5 | 11. Introduction to the Use of Computers in Accounting | ICSE Class 11 Accountancy
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11.5 - Steps Involved in Using Computers for Accounting

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is the first step involved in using computers for accounting?

💡 Hint: Think about what you do with financial transactions first.

Question 2

Easy

Name one report that can be generated by accounting software.

💡 Hint: Think of a report that shows income and expenses.

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 the first step in the computerized accounting process?

  • Data Backup
  • Data Entry
  • Generating Reports

💡 Hint: Consider what you do before you can generate reports.

Question 2

True or False: Reconciliation ensures the accuracy of financial records.

  • True
  • False

💡 Hint: Think about why you would check two lists to ensure they match.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You are responsible for entering data into an accounting system. During the process, you notice that the same transaction appeared twice. What is your next step, and how do you ensure this does not happen again?

💡 Hint: What validation methods can minimize duplicate entries?

Question 2

A company generates a report showing a significant discrepancy in its profit and loss statement as compared to last month’s data. How would you approach this reconciliation process?

💡 Hint: Consider what factors might lead to discrepancies and how to fact-check them.

Challenge and get performance evaluation