Question : Final account subsystem in Accounting Information System (AIS) deals with -
Option 1: Preparation of Pay Roll
Option 2: Preparation of Final Accounts
Option 3: Preparation of budgets
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Preparation of Final Accounts
Solution : In an accounting information system (AIS), financial and accounting data are gathered, stored, and processed for internal users to disclose information to creditors, investors, and tax authorities i.e. preparation of final accounts.
Hence the correct answer is option 2.
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