Distinguish between a ‘ready-to-us | Class 11 Accountancy Chapter Computerised Accounting System, Computerised Accounting System NCERT Solutions

Question:

Distinguish between a ‘ready-to-use’ and ‘tailored’ accounting software.

Answer:

On the Basis Ready-to-Use
Software
Customised
Software
Tailored-made
Software
1. Cost of Installation and Maintenance The cost of installation and maintenance of it is very low as compared to other softwares. The cost of installation of it is high than ready to use but lower than tailor made software. The cost of installation of it is very high as compared to other softwares.
2. Training Needs It is not required intensive training. It requires higher training as compared to ready to use Software. It requires too much higher training than other softwares.
3. Size of Organization These softwares are suitable to small organizations. These softwares are suitable for large and medium business. These softwares
are suitable for
large business.
4. Level of
Secrecy
The level of Secrecy is very low which tends to high frauds. The level of Secrecy is higher than ready to use Software. The level of Secrecy of Data is too much higher than two of these softwares.

 


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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 6: Distinguish between a ‘ready-to-use’ and ‘tailored’ accounting software.....