Question : Under computerized system of accounting, MIS stands for
Option 1: Management Information System
Option 2: Management Invoices System
Option 3: Management Information Sources
Option 4: None of the above
Correct Answer: Management Information System
Solution : Under computerized system of accounting, MIS stands for Management Information System. Hence, the correct option is 1.
Question : Modern computerised accounting system is based on the concept of database which is implemented using -
Question : An accounting information system processes the financial transactions and events based on -
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 : Statement 1: By integrating and automating all business processes, computerised accounting system benefits all firms. Statement 2: These tasks could include production, inventory management, sales, and financing.
Question : The principles of management are:
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