Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Overview of Computerised Accounting System

Question:
Which of the following is NOT a data element in an accounting transaction?
Options:
Name of Account
Accounting Code
Date of Transaction
Ledger
Correct Answer:
Ledger
Explanation:
A data-item (data element) is the smallest named unit of data in the information system. In accounting, a transaction consists of four data elements, such as name of account, accounting code, date of transaction and amount.