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Accountancy · 2026 · 4 marks
CBSE 2026 · Region 3 · Set 2 · Q33
List the necessary information to be filled by a user on company creation screen.ORWhat is a Chart/Graph ? Explain its advantages.
OR
What is a Chart/Graph ? Explain its advantages.Marking-scheme solution
In the company creation screen the following information is filled.
1. Company name: In the name field the company’s name is filled which is displayed at all
company selection lists and internal documents (½)
2. Company mailing address (½)
3. Company address
4. Income tax number allotted by the income tax department.
5. Accounting module: To maintain financial accounts only at maintain field, select accounts
only. (½)
6. Financial year: At financial year field: entered the beginning and closing date of the
financial year (½)
7. Saving the company profile: Finally, the software asks for the permission to save the
company profile; after receiving confirmation the company profile is saved in data bank.
(1)
Q. What is a Chart/Graph…
Ans.
A chart or graph is a pictorial Presentation of data.
(1)
Advantages:
Help to Explore: (½)
Many times we would like to see if there is a relationship between variables. Suppose, that
we wanted to determine if there is a relationship between: a country's GNP and the infant
mortality rate, between age and between genders. It may be quicker and easier to create a
chart immediately to see the possible relationship of variables to one another, rather than
paging through raw data.
Help to Present: (½)
We want to provide information in as little time as possible. Graphing plays a key role. It
seems that there is no longer any time to sit and read a newspaper in order to find out what
is going on. However, newspapers, such as The Economics Times and India Today magazines
(which were early users of charting techniques), seem to understand this phenomena and
provide graphs to convey and sum up ideas that they are making in their articles. (½)
Help to Convince:
The same way that a graph can be used to present and explore different characteristics of
data. it can also be used to convince. Graphs have the ability to take large amounts of
information and make them into exhibitions that are easily used to persuade. (½)
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CBSE Class 12 Accountancy past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.