+2 Computerised Accounting Questions and Answers - Chapter 1

 Features of CAS

  1. Simple and Integrated
  2. Accuracy
  3. Speed
  4. Scalability
  5. Reliability

Components of CAS

  1. Procedure
  2. Data
  3. Users/People/Live-ware
  4. Hardware
  5. Software

Grouping of Accounts

The process of grouping the ledger accounts based on some similar nature under an appropriate head is known as Grouping of Accounts.

Codification of Accounts

Codification refers to allotting code numbers to accounts in a hierarchical structure. Code may be alphabet or number allotted to a particular account.

Types of Codes

Codes can be classified into

  1. Sequential Codes
  2. Block Codes
  3. Mnemonic Codes

Merits of CAS

  1. Timely generation of reports
  2. Saves time and money
  3. Confidentiality of data can be maintained
  4. Transparency and reliability
  5. Accurate and updated information

About the author

SIMON PAVARATTY
PSMVHSS Kattoor, Thrissur

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