Question : The computerised accounting system refers to -
Option 1: Printing of Balance sheet and Profit and loss accounts using computer
Option 2: Processing of accounting transaction through computer and produce reports and records
Option 3: Processing of accounting related data and priting reports
Option 4: None of the above
Correct Answer: Processing of accounting transaction through computer and produce reports and records
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 2.
Question : What ate the reports that computerized accounting software takes into consideration as input through Accounting Software?
Question : Modern computerised accounting system is based on the concept of database which is implemented using -
Question : What are the features of computerised accounting software?
Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.
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