Ready-to-use accounting software is suited to organisations running small/conventional business where the frequency or volume of accounting transaction is ________.

very average

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very high

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very low

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very limited

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Solution

The correct option is A very low
Ready-to-use accounting software is suited to organisations running small/conventional business where the frequency or volume of accounting transactions is very low. This is because the cost of installation is generally low and number of users is limited.

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

Name the accounting software appropriate for small business organisations, having only one user and single office location.

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