Read the following statements and answer the question.
Assertion: Usage of computers and Information Technology (IT) enables a business to quickly, accurately and timely access the information that helps in decision-making.
Reason: Use of computers sharpens the competitive edge and decreases profitability of a business.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Assertion (A) is true but Reasoning (R) is not correct.
Assertion: Usage of computers and Information Technology (IT) enables a business to quickly, accurately and timely access the information that helps in decision-making. THIS IS TRUE.
Reason: Use of computers sharpens the competitive edge and decreases profitability of a business. THIS IS NOT TRUE as profitability is enhanced not decreased.
In modern business accounting transactions are processed through computers. Usage of computers and Information Technology (IT) enables a business to quickly, accurately and timely access the information that helps in decision-making. This sharpens the competitive edge and enhances profitability. The computer systems works with the data which is processed by the hardware commanded by the user through software.