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
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.
Question : For making a trial balance it is not necessary to make a ________ in computerized accounting system -
Question : The computerised accounting system refers to -
Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.
Question : What are the features of computerised accounting software?
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