Question:
Which type of software package is suitable for an organization where the volume of accounting transaction is very low and adaptability is very high?
Which type of software package is suitable for an organization where the volume of accounting transaction is very low and adaptability is very high?
Show Hint
As per the marking scheme the answer is generic software, a ready-made package usable by many businesses.
Updated On: Oct 26, 2026
- Specific
- Generic
- Tailored
- (A) and (C) both
Show Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Step 1: Understanding the Concept:
Accounting software packages come as generic, tailored and specific.
The question gives two conditions: very low volume of transactions and very high adaptability.
Step 2: Working Out the Answer:
Generic software is a ready-made package, designed to suit many types of organisations.
It is meant for businesses with a low volume of transactions, and it can be used by many kinds of business, which shows high adaptability.
The official marking scheme gives option (B), Generic, as the answer.
Step 3: Why the Other Options Are Wrong:
Option (A): Specific software is made for the needs of one particular organisation, so it is not built for wide adaptability.
Option (C): Tailored software is built to the order of one organisation and is mostly used by larger businesses.
Option (D): Option (D) needs both (A) and (C) to be right, but they are not, so (D) is wrong.
Final Answer:
As per the marking scheme, Generic software is the answer. This is option (B).
Accounting software packages come as generic, tailored and specific.
The question gives two conditions: very low volume of transactions and very high adaptability.
Step 2: Working Out the Answer:
Generic software is a ready-made package, designed to suit many types of organisations.
It is meant for businesses with a low volume of transactions, and it can be used by many kinds of business, which shows high adaptability.
The official marking scheme gives option (B), Generic, as the answer.
Step 3: Why the Other Options Are Wrong:
Option (A): Specific software is made for the needs of one particular organisation, so it is not built for wide adaptability.
Option (C): Tailored software is built to the order of one organisation and is mostly used by larger businesses.
Option (D): Option (D) needs both (A) and (C) to be right, but they are not, so (D) is wrong.
Final Answer:
As per the marking scheme, Generic software is the answer. This is option (B).
Was this answer helpful?
0
0
Top CBSE CLASS XII Accountancy Questions
From the following Balance Sheet of Hira Ltd. as at 31st March, 2023, prepare Comparative Balance Sheet:
- On 1st May, 2023, Amrit Ltd. issued 10,000, 10% debentures of ₹100 each at a premium of 10%, redeemable at a premium of 10%. Loss on issue of debentures will be:
- Gupta and Sharma are partners in a firm sharing profit in the ratio of 4:1. They admitted Preeti as a new partner for \( \frac{1}{4} \) share in the profits, which she acquired wholly from Gupta. The new profit sharing ratio of Gupta, Sharma, and Preeti will be:
- On the dissolution of a partnership firm, there were debtors of ₹34,000. Debtors of ₹1,000 became bad, and 60% was realized from the remaining debtors. Which account will be debited and by how much amount on the realization from debtors?
- If vendors are issued fully paid shares of ₹1,25,000 in purchase consideration of net assets of ₹1,50,000, the balance of ₹25,000 will be credited to:
View More Questions
Top CBSE CLASS XII Computerised Accounting Questions
- Computerised Accounting System rests on Five Pillars: Data, People, Procedure and _____, _____.
Identify the blank pillars from the following: Which of the following is not a limitation of Computerised Accounting System?
- MS Excel considers which of the following group of mathematical operations to be of equal importance?
- How is navigation conducted from first to last cell in a cluster of data in a column by skipping all the cells in between?
- Individual values represented by bars, columns, lines, pie or various forms plotted on a chart are known as:
View More Questions
Top CBSE CLASS XII Questions
- 2, b, c are in A.P. and the range of determinant $\begin{vmatrix}1&1&1\\ 2&b&c\\ 4&b^{2}&c^{2}\end{vmatrix}$ is [2, 16]. Then find range of c is
- A boy of mass 50 kg is standing at one end of a, boat of length 9 m and mass 400 kg. He runs to the other, end. The distance through which the centre of mass of the boat boy system moves is
- A capillary tube of radius r is dipped inside a large vessel of water. The mass of water raised above water level is M. If the radius of capillary is doubled, the mass of water inside capillary will be
- A circular disc is rotating about its own axis. An external opposing torque 0.02 Nm is applied on the disc by which it comes rest in 5 seconds. The initial angular momentum of disc is
- A circular disc is rotating about its own axis at uniform angular velocity \(\omega.\) The disc is subjected to uniform angular retardation by which its angular velocity is decreased to \(\frac {\omega}{2}\) during 120 rotations. The number of rotations further made by it before coming to rest is
View More Questions