In accounting, computer is commonly used in the following areas:

Which one of the following is not a method of codification of accounts?

Accounting software is an example of _______.

__________ packages are used by medium or large business enterprises.

___________ codes are applied primarily to source documents.such as cheques, invoices, etc.

Today, the most commonly used word in this world is _________

Assertion (A): A computer systems has mainly three components namely, input unit, central processing unit and output unit.
Reason (R): These components are the building blocks of a computer and define its architecture
Select the correct answer.
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true

Assertion (A): Computrised Accounting System (CAS) facilitates the management and other users to maintain accounts and prepare financial statements using computers.
Reason (R): CAS is designed to automate and integrate all the business operations such as purchase, sales, finance, inventory and manufacturing.
Select the correct answer. 
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true

(a) Sequential codes
(b) Block codes
(c) Software
(d) Mnemonic codes

(a) Software
(b) Ready made software
(c) Customised Software
(d) Tailor made software

What is a computer?

What is CAS?

What is meant by software?

Give any two examples of readymade software.

What is grouping of accounts?

What are mnemonic codes?

Language syntax is checked by which software?

What do you mean by DATA?

Type the given below passage in MS-Word and format as directed.
Fra Luca Bartolomeo de Pacioli was an Italian mathematician (1447 – 1517). He is referred to as The Father of Accounting and Book keeping in Europe and he was the first person to publish a work on the double-entry system of book keeping.

There are three salesmen. Two days of sales achievement is given. You are required to find out the salesmen who have achieved a minimum sale of Rs.400 on each day.

Consider the following information:
Loan amount Rs.3,00,000
Number of payment periods 48 months
Annual rate of interest 10%
Calculate periodic payment using PMT function.

List out the various reports generated by computerised accounting system.

State the input and output devices of a computer system.

From the data given below
i) Fill the address in B3 using CONCATENATE Function.
ii) Change KAMARAJAR SALAI given in C2 as lower case in C3
iii) Change Chennai given in D2 as upper case in D3

Sara Ltd., sells goods on credit basis. Their policy is to charge interest @ 2% p.a., for the period of default. From the following data, find out the amount to be collected from each customer. Assume 365 days in the year.

Explain the components of computerised accounting system.