Computer Accounting Exam Questions with Correct Answers Fully Solved Latest 2025
What is a feature of computer accounting related to sales invoices? - Answers Onscreen input and
output of sales invoices
What feature of computer accounting involves tracking money received from banks? - Answers
Recording of bank receipts
What feature of computer accounting automatically manages stock levels? - Answers Automatic
adjustments of inventory
What does computer accounting do to keep financial records current? - Answers Automatic updating of
purchase, sales, and general ledgers
what instant reports can be created? - Answers - aged trade receivables summary
- aged trade payables summary
- trial balance
- income statement
- statement of financial position
- inventory evaluation
- VAT return
advantage - speed - Answers development - data entry is much faster than doing it manually
advantage - automatic document production - Answers development - fast and accurate invoices, credit
notes, printed or emailed, statement runs and payroll processing
advantage - up to date information - Answers development - the accounting records are automatically
updated so account balances will be up to date
advantage - availability of information - Answers development - data can be used by several people at a
time, efficiency
advantage - management of information - Answers development - reports produced will help
management to monitor and control the business
advantage - accuracy - Answers development - there is less room for error as they only need to input a
single entry for each transaction rather than a double entry
advantage - efficiency - Answers development - better use of resources and time, helpful for time
management
What is a feature of computer accounting related to sales invoices? - Answers Onscreen input and
output of sales invoices
What feature of computer accounting involves tracking money received from banks? - Answers
Recording of bank receipts
What feature of computer accounting automatically manages stock levels? - Answers Automatic
adjustments of inventory
What does computer accounting do to keep financial records current? - Answers Automatic updating of
purchase, sales, and general ledgers
what instant reports can be created? - Answers - aged trade receivables summary
- aged trade payables summary
- trial balance
- income statement
- statement of financial position
- inventory evaluation
- VAT return
advantage - speed - Answers development - data entry is much faster than doing it manually
advantage - automatic document production - Answers development - fast and accurate invoices, credit
notes, printed or emailed, statement runs and payroll processing
advantage - up to date information - Answers development - the accounting records are automatically
updated so account balances will be up to date
advantage - availability of information - Answers development - data can be used by several people at a
time, efficiency
advantage - management of information - Answers development - reports produced will help
management to monitor and control the business
advantage - accuracy - Answers development - there is less room for error as they only need to input a
single entry for each transaction rather than a double entry
advantage - efficiency - Answers development - better use of resources and time, helpful for time
management
