Computer Application in Accounting — DU B.A.(Prog.) with Commerce (Accounting and Finance) Previous Year Question Papers

1. (a) Define accounting. What are the main objectives and importance of accounting in a business environment? (b) Explain the key differences between financial accounting and management accounting. 6. (a) What are the common reports generated in a computerized accounting system? Explain the purpose of a Cash Flow Statement. (b) Explain the significance of stock groups and stock items in inventory management. How are these created in Tally ERP 9? GST recorded in a computerized accounting system? (b) Discuss the procedure for generating a Profit & Loss Account and Balance Sheet using Tally ERP 2. (a) What is the double-entry bookkeeping system? Explain the rules of debit and credit with examples. (b) How is a Trial Balance prepared? Highlight its significance in detecting errors. (a) Explain the features of computerized accounting systems. How do they improve business efficiency compared to manual systems? (b) Discuss the factors to consider when selecting computerized accounting software for a small business. 4. (a) Describe the process of creating Accounting Ledgers and Groups in Tally ERP 9. Include steps for single and multiple modes. (b) Explain the importance of security features in Tally ERP 9 and how they are configured.