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Question : An accounting information system processes the financial transactions and events based on -

Option 1: Governing Principles

Option 2: Management Principles

Option 3: Accepted Principles

Option 4: Generally Accepted Accounting Principles


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Generally Accepted Accounting Principles


Solution : In order to provide reports that meet user needs, computerised accounting systems handle financial transactions and events in accordance with generally accepted accounting principles (GAAP).

Hence the correct answer is option 4.

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