Explain any two security features of Computerised Accounting System.

OR

Briefly explain the components of 'payroll'.

Security features of computerized Accounting System (any two) : • Password Security : A widely accepted security control to access the data. Only the authorized person can access. Any user who does not know the password cannot retrieve the formation from the system. • Data Audit : It provides the user with administrator right in order to keep track of unauthorized access to data base. • Data Vault : It provides additional security for the inputed data. It ensures that original information is presented and is not tampered. Q (b). Briefly explain the components of “payroll”. Ans. Components of Payroll are (with brief statement)— Earnings : Basic Pay Grade Pay Dearance Pay Dearance Allowance House Rent Allowance Transport Allowance Any other earning—like education, allowance, medical allowance, etc. Deductions : Professional Tax Tax deduction at source Recovery of loan instalment Any other deduction—like advance against salary, festival advance, etc.