Distinguish between a ‘ready-to-use’ and ‘tailored’ accounting software.
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. |
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
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.....
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