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Which of the following does the computerized accounting system refer to? |
Printing of Balance Sheet and Profit and Loss Accounts using computer. Processing of accounting transaction through computer and produce records and reports. Processing of accounting related data and printing reports. Deals with generation and processing of reports that are vital for management decision-making. |
Processing of accounting transaction through computer and produce records and reports. |
The correct answer is option 2- Processing of accounting transaction through computer and produce records and reports. 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 reports. |
