Q.Tailored accounting software.

Tailored accounting software is custom-built software made to order for one specific organisation's particular needs. It is used by large businesses with complex or unique requirements, is expensive, and requires special development and training.

This is a standard AP Inter 2nd-year (Commerce) computerised-accounting question, aligned with the NCERT/CBSE commerce curriculum.

Accounting software is generally of three kinds — ready-to-use, customised, and tailored. Tailored (tailor-made) software is developed completely to suit the specific and unique needs of a particular user or organisation.

Features of tailored accounting software:

• It is designed to order, exactly matching the organisation's own processes and reporting needs. …