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easyMCQCUET Accountancy 2022 20 Aug Shift 22026Accountancy
1 mark

The computerised Accounting System refers to:

  1. A
    Processing of Balance Sheet only
  2. B
    Processing of Accounting related transactions and produce Records and Reports
  3. C
    Processing of accounting related data only
  4. D
    Printing of Balance Sheet and Profit and Loss Account

Solution & Step-by-step Explanation

A Computerised Accounting System involves the systematic processing of financial and accounting-related transactions to automatically maintain records and generate various financial reports.

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The computerised Accounting System refers to:
A
Processing of Balance Sheet only
B
Processing of Accounting related transactions and produce Records and Reports
C
Processing of accounting related data only
D
Printing of Balance Sheet and Profit and Loss Account

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