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Impact of CIS in Business and Accountancy Profession Quiz

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Impact of CIS in Business and Accountancy Profession Quiz

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Questions and Answers

What major change occurs in the process of recording transactions under CIS environment?

The use of loose-leaf stationeries replaces handwritten records

Transactions are recorded strictly in sequential order as in manual system

The order of recording transactions from basic document to prime books and finally to principal book may not be followed strictly (correct)

All three processes (Prime book of Entry, Ledger, Final accounts) are carried on simultaneously

How does mechanization impact the form of accounting records under CIS environment?

It has no impact on the form of accounting records

It changes the form of both intermediate and ultimate records more radically than manual records (correct)

It results in the abandonment of all primary records

It leads to the use of handwritten bound records instead of loose-leaf stationeries

What is one significant way that computerization impacts the process of recording transactions?

It may not strictly follow the sequential order of recording transactions (correct)

It allows simultaneous carrying out of all three processes

It leads to the abandonment of all primary records

It simplifies the process by strictly following sequential order

How are loose-leaf stationeries utilized in electronic medium different from bound handwritten records used in manual accounting processes?

They replace handwritten records and abandon the primary records Signup and view all the answers

In what way does CIS mechanization impact accounting records?

It significantly changes the form of both intermediate and ultimate records Signup and view all the answers

What is a primary change that occurs in the use of loose-leaf stationeries under CIS environment?

They replace bound handwritten records used in manual accounting processes Signup and view all the answers

What issue may accountants and auditors face with the use of alpha-numeric codes in computerized information systems?

Difficulty in understanding various transactions Signup and view all the answers

What problem arises due to the inadequacy or absence of cross-reference between basic documents and principal records in computerized information system environments?

Difficulty in tracing transactions from start to finish Signup and view all the answers

What is a recent change that may pose a challenge for auditors in discharging businesses’ responsibilities in a computerized information system environment?

Increasing use of Relational Database Management Systems (RDBMS) Signup and view all the answers

What is becoming crucial in systems development, leading to the use of CASE (Computer Aided Software Engineering) tools by many organizations?

Methodology adopted for systems development Signup and view all the answers

What is end user computing, which is on the increase in a computerized information system environment?

Decentralized data processing Signup and view all the answers