What is one major advantage of CAS related to report generation?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Timely generation of reports in the desired format.
Following are the advantages of Computerised Accounting System (CAS):
- 1. Timely generation of reports and information in desired format.
- 2. Efficient record keeping.
- 3. Ensures effective control over the system.
- 4. Economy in the processing of accounting data.
- 5. Confidentiality of data is maintained.