Which of the following is NOT a Recurring Activity in the context of using of Computerized Accounting Software?

Accounting Year Master Files Entry of Transactions Both 1 and 2

Both 1 and 2

There are two basic activities in using software of CAS – One time activities and recurring activities. One time activities include creation of Organisation details, accounting year, type of ledger (also called “creation of master files” ), etc. While recurring activities include entry of transactions and generation of reports. The transactions are recorded on the basis of Cash Vouchers, Bank Vouchers, Purchase Vouchers, Sales Vouchers, Journal Vouchers, etc. Reports include generation of Day books, Ledgers, Trial Balance, Statement of Profit and Loss, Position Statement and Cash Flow Statement.