Question : What ate the reports that computerized accounting software takes into consideration as input through Accounting Software?
Option 1: Day books/journals
Option 2: ledger
Option 3: trial balance, position statement (Balance Sheet) and Statement of Profit and Loss (Profit and Loss Account)
Option 4: All of the above
Answer (1)
24th Jan, 2024
Correct Answer: All of the above
Solution :
The following are the reports that take accounting transactions as inputs that are processed through Accounting Software to generate the following reports:
1. Day book/Journals
2. Ledger
3. Trial Balance
4. Position Statement (Balance Sheet)
5. Statement of Profit and Loss (Profit and Loss Account).
Hence, the correct option is 4.
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