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
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.
Question : What is chart of accounts?
Question : What are the components of accounting information system?
Question : Under computerized system of accounting, MIS stands for
Question : Modern computerised accounting system is based on the concept of database which is implemented using -
Question : For making a trial balance it is not necessary to make a ________ in computerized accounting system -
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