‘DBMS’ stands for which of the following in the context of Computerized accounting Software?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Data Base Management System.
DBMS is Database Management System.
This software is designed for the storage, retrieval, organization, and management of data in a database. In the context of an accounting system, a DBMS would be used to store financial data securely, capture transactional information accurately, process data efficiently, and retrieve information as needed for various accounting operations and reporting purposes.