Accountancy Part COverview of Computerised Accounting System

'There are various components included in Computerized Accounting Sys…

'There are various components included in Computerized Accounting System', identify the set of these various components:

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → Software, Hardware, People, Procedure, Data

NCERT (2026-27 edition):
Introduction – “… The Computerised Accounting System (CAS) has the following components: Procedure : A logical sequence of actions to perform a task. Data : The raw fact (as input) for any business application. People : Users. Hardware : Computer, associated peripherals, and their network. Software : System software and Application software. These are the five pillars on which Computerised Accounting System rests.”