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easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

In digital or computerized accounting, a transaction record comprises specific baseline data elements which include:(A) Name of Account(B) Accounting Code(C) Date of Transaction(D) AmountChoose the correct answer from the options given below:

  1. A
    (B) and (D) only
  2. B
    (A), (B) and (C) only
  3. C
    (A), (B), (C) and (D)
  4. D
    (D) only

Solution & Step-by-step Explanation

A complete computerized accounting entry requires comprehensive data mapping. This includes the transaction date (C), ledger account names involved (A), specific chart-of-accounts codes (B), and the monetary debit/credit amounts (D).

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In digital or computerized accounting, a transaction record comprises specific baseline data elements which include:(A) Name of Account(B) Accounting Code(C) Date of Transaction(D) AmountChoose the correct answer from the options given below:
A
(B) and (D) only
B
(A), (B) and (C) only
C
(A), (B), (C) and (D)
D
(D) only

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