Which of the following correctly represents the five foundational components of a Computerised Accounting System (CAS)?

People, Data, Procedure, Hardware, Software

The correct answer is option 2- People, Data, Procedure, Hardware, Software.

Computerised Accounting System refers to the processing of accounting transaction through the use of hardware and software in order to produce accounting records and reports. CAS takes accounting transactions as inputs that are processed through Accounting Software to generate the various reports. The Computerized Accounting System (CAS) has the following components. These are the five pillars on which Computerized Accounting System rests.
Procedure : A logical sequence of actions to perform a task.
Data : The raw fact (as input) for any business application.
People : Users.
Hardware : Computer, associated peripherals, and their network.
Software : System software and Application software.