Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following is a one-time Activity in the context of using Computerized Accounting Software? |
Accounting Year Organisation Details Master Files All of the above |
| All of the above |
| There are two basic activities in using software of CAS – One time activities and recurring activities. One time activities include creation of Organisation details, accounting year, type of ledger (also called “creation of master files” ), etc. While recurring activities include entry of transactions and generation of reports. The transactions are recorded on the basis of Cash Vouchers, Bank Vouchers, Purchase Vouchers, Sales Vouchers, Journal Vouchers, etc. Reports include generation of Day books, Ledgers, Trial Balance, Statement of Profit and Loss, Position Statement and Cash Flow Statement. |
