Question : __________ are the end products of the accounting process, which are prepared in accordance with the generally accepted accounting principles.
Option 1: Financial statements
Option 2: Non-financial statements
Option 3: Computerized accounting
Option 4: Both 1 and 3
Correct Answer: Financial statements
Solution : Financial statements are the end products of the accounting process, which are prepared in accordance with the generally accepted accounting principles. Hence, the correct option is 1.
Question : Under computerized accounting system, GAAP stands for _____________.
Question : An accounting information system processes the financial transactions and events based on -
Question : With __________ accounting the organisation have greater transparency.
Question : Statement 1: In management accounting, data from cost accounting and financial accounting are both used. Statement 2: Therefore, a suitable system is required to combine cost accounts and financial accounts.
Question : Under Computerised Accounting System, financial statements are generated from the _________ itself.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile