Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Overview of Computerised Accounting System

Question:
Which of the following refers to the components of Computerised Accounting System?
Options:
Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account
It means the process starting from data entry and preparation of final statements
Transformation of manual accounting system to CAS.
None of the above
Correct Answer:
Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account
Explanation:
Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account are the components of computerized system.