Question : What is the function of cash and bank sub-system?
Option 1: receipts and payment of physical cash
Option 2: receipt and payment of electronic fund trnasfer
Option 3: Both 1 and 2
Option 4: None of these
Correct Answer: Both 1 and 2
Solution : Cash and Bank sub-system deal with the receipts and payment of physical cash and electronic fund transfer. Hence, the correct option is 3.
Question : Statement 1: Cash and Bank Sub-system deals with the receipt and payment of cash both physical cash and electronic fund transfer. Statement 2: Electronic fund transfer takes place without having the physical entry or exit of cash by using credit cards or electronic
Question : What are the components of accounting information system?
Question : Receipts and Payments Account of a non-profit organisation is prepared on the basis of:
Question : CAS (Computerized Accounting System) is designed to:
Question : On which basis of accounting, Receipts and Payment account is prepared in case of Non Profit Organisation?
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