Target Exam

CUET

Subject

-- Accountancy Part C

Chapter

Overview of Computerised Accounting System

Question:

CAS takes accounting transactions as inputs that are processed through Accounting Software to generate the ................... report.

Options:

Ledger

Day book

Trial Balance

All of these

Correct Answer:

All of these

Explanation:

The correct answer is option 4- All of these.

Computerised Accounting System refers to the processing of accounting transaction through the use of hardware and software in order to produce accounting records and reports. CAS takes accounting transactions as inputs that are processed through Accounting Software to generate the following reports:
• Day books/Journals
• Ledger
• Trial Balance
• Position Statement (Balance Sheet)
• Statement of Profit and Loss (Profit and Loss Account)

Various elements (items) of accounting transactions are essentially the data items, which are processed through an accounting software to generate different sets of information in the form of accounting reports such as journals, ledger, etc.