Computerized Accounting MCQs with answers Page - 2

Here, you will find a collection of MCQ questions on Computerized Accounting. Go through these questions to enhance your preparation for upcoming examinations and interviews.

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Q. Which of the following is required to operate computerized accounting software?

  • (A) Ledger book
  • (B) Calculator
  • (C) Computer system
  • (D) Typewriter

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Q. The term 'audit trail' in computerized accounting means:

  • (A) Physical documents
  • (B) Sequence of steps followed in manual accounting
  • (C) Tracking of all changes and transactions
  • (D) Old account books

A

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Q. In computerized accounting, the process of verifying data is known as:

  • (A) Validation
  • (B) Automation
  • (C) Summarization
  • (D) Recalculation

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Q. What does ERP stand for in computerized accounting?

  • (A) Enterprise Resource Planning
  • (B) Electronic Revenue Processing
  • (C) Employee Record Program
  • (D) Easy Reporting Platform

A

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Q. Which document is commonly used to record transactions in computerized accounting?

  • (A) Invoice
  • (B) Receipt book
  • (C) Voucher
  • (D) Bank passbook

A

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Q. Which of these best describes Tally software?

  • (A) Word processing tool
  • (B) Spreadsheet software
  • (C) Accounting software
  • (D) Database management system

A

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Q. Which feature allows repeated transactions to be entered easily?

  • (A) Voucher class
  • (B) Ledger group
  • (C) Stock summary
  • (D) Reconciliation

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Q. The process of checking whether bank statements and accounting records match is called:

  • (A) Auditing
  • (B) Reconciliation
  • (C) Valuation
  • (D) Summarization

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Q. Computerized accounting ensures better decision-making by:

  • (A) Using manual books
  • (B) Providing real-time financial data
  • (C) Reducing internet use
  • (D) Avoiding all reports

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Q. Which report summarizes the company’s assets, liabilities, and equity?

  • (A) Trial Balance
  • (B) Profit and Loss Account
  • (C) Balance Sheet
  • (D) Cash Flow Statement

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