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AccountancyClass 11CBSE

What is a Report?

Data when processed becomes information. When the related information is summarized to meet a particular need, it is called a report.

AccountancyClass 11CBSE

What are the advantages of Computerized Accounting System?

Advantages of Computerized Accounting System:Large Volume of Transactions – The Computerized Accounting System can store and process large volumes of transactions with speed and accuracy.Scalability – A computerized accounting system is scalable to handle growing transactions.Security – The accounting data under the computerized environment is safer than under the manual system.Timely Reporting</

AccountancyClass 11CBSE

What is Management Information System (MIS)?

It is software that provides the information necessary to take decisions and manage an organization effectively. MIS is supportive of the institution's long-term strategic goals and objectives. MIS is viewed and used at many levels by management.

AccountancyClass 11CBSE

Draw a diagram to show the link of Components of Computerized Accounting System.

The components of Computerized Accounting System are linked as follows:Input Devices → Central Processing Unit (CPU) → Output DevicesThe CPU includes: ALU (Arithmetic & Logic Unit) | Memory Unit | Control UnitAll components are linked to the Storage/Database which feeds into Reports/MIS.

AccountancyClass 11CBSE

What are the features of Computerized Accounting System?

Features of Computerized Accounting System:Online input and storagePrintout of purchase and sale invoicesLogical scheme for codification of accounts and transactions. Every account and transaction is assigned a unique code.Grouping of accounts is done from the very beginning.Instant reports for management

AccountancyClass 11CBSE

What are the steps involved in TPS?

The following steps are involved in TPS:Data Entry – The action data must be entered into the system before it is processed. Input devices include keyboard, mouse, etc.Data Validation – It ensures the accuracy and reliability of input data by comparing it with some predetermined standards or known data through error detection and correction procedures.Processing and Revalidation – The processing of data occurs al

AccountancyClass 11CBSE

What is transaction processing system?

Transaction Processing Systems (TPS) are among the earliest computerized systems catering to the requirements of large business enterprises. The purpose of a typical TPS is to record, validate and store transactions that occur in the various functional areas of business for subsequent retrieval and usage. A Transaction Processing System collects, stores, modifies, and retrieves the transactions of an organization.

AccountancyClass 11CBSE

Explain output unit.

After processing the data, the information produced needs to be made available to the user in a human readable and understandable form. For that purpose we need an output device to communicate such information to the user. The output device translates the processed data from machine coded form to a human readable form. The commonly used output devices include monitor (VDU), printer etc.

AccountancyClass 11CBSE

What is Central Processing Unit (CPU)? Explain.

This is the main part of computer hardware that actually processes data according to the instructions it receives. It controls the flow of data by directing data to enter the system, places it into memory, retrieves it as needed and directs the output according to stored instructions. It has three main units:Arithmetic and Logic Unit (ALU) – It is responsible for performing all arithmetic computations such as addition, subtraction, division, multiplication and exp

AccountancyClass 11CBSE

What is the function of Input Unit?

It controls various input devices which are used for entering data into the computer system. Keyboard and mouse are the most commonly used input devices. Other such devices are magnetic tape, magnetic disk, light pen, optical scanner, MICR, OCR, bar code reader, etc.

AccountancyClass 11CBSE

What are the components of computer?

The functional components of computer system consist of:Input UnitCentral Processing Unit (CPU)Output Unit

AccountancyClass 11CBSE

What are the limitations of computer system?

Limitations of Computer system are:Lack of Commonsense – Computer systems do not possess any common sense because no full-proof algorithm has been designed to programme common sense.Zero IQ – Computers are dumb devices with zero Intelligence Quotient. They cannot visualize and think what exactly to do under a particular situation unless they have been programmed to tackle that situation.Lack of Decision-making –

AccountancyClass 11CBSE

What are the advantages of Computer system?

Following are the advantages of computer system:Speed – It refers to the amount of time a computer takes in accomplishing a task. Computers require far less time than human beings in performing a task.Accuracy – It refers to the degree of exactness with which computations are made and operations are performed.Reliability – It refers to the ability with which the computers remain functional. Computer systems are w

AccountancyClass 11CBSE

What is connectivity?

Connectivity refers to the manner in which a particular computer system is connected to others, say through telephone lines, microwave transmission, satellite link etc.

AccountancyClass 11CBSE

What is Data?

Data are facts and may consist of numbers, text, etc. These are gathered and entered into the computer system. Collection of raw facts and figures is called data.

AccountancyClass 11CBSE

What are procedures and their types?

The procedure means a series of operations in a certain order or manner to achieve desired result. There are three types of procedures which constitute part of computer system:Hardware-oriented – It provides details about components and their method of operation.Software-oriented – It provides a set of instructions required for using the software of computer system.Internal – It is instituted to ensure smooth flo

AccountancyClass 11CBSE

What is the role of people as an element of computer?

People interacting with the computer are also called live-ware of the computer system. They constitute the most important part of the computer system:System Analysts – People who design data processing systems.Programmers – People who write programmes to implement the data processing system design.Operators – People who participate in operating the computers.People who respond to the procedures insti

AccountancyClass 11CBSE

What is Software and its types?

It is a set of programmes which is used to work with hardware. A coded set of instructions stored in the form of circuits is called firmware. There are six types of software as follows:Operating System – An integrated set of specialized programmes that manage the resources of a computer and facilitate its operation. It creates a necessary interface between the user and computer.Utility Programmes – A set of computer programmes designed to

AccountancyClass 11CBSE

What is Hardware?

Hardware of computer consists of physical components such as keyboard, mouse, monitor, and processor. These are electronic and electromechanical components.

AccountancyClass 11CBSE

What are the elements of computer?

There are six elements of computer:HardwareSoftwarePeopleProceduresDataConnectivity

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