Question : Under Computerised Accounting System, financial statements are generated from the _________ itself.
Option 1: software
Option 2: manual
Option 3: Both 1 and 2
Option 4: None of these
Answer (1)
17th Jan, 2024
Correct Answer: software
Solution : Financial statements produced under a computerised accounting system are produced by the computer. Consequently, there is no requirement to create a trial balance. Hence, the correct option is 1.
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