Accountancy Part COverview of Computerised Accounting System

This subsystem deals with the preparation of Profit and Loss accounts…

This subsystem deals with the preparation of Profit and Loss accounts, Balance Sheet and Cash Flow statements for reporting purposes.

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Final Accounts Sub System

NCERT (2026-27 edition):
FINAL ACCOUNTS SUB-SYSTEM – “… This subsystem deals with the preparation of Profit and Loss accounts, Balance Sheet and cash flow statements for reporting purposes.”