HomeTestsSearchRankProfile
mediumMCQCUET Accountancy2026Accountancy
1 mark

This specialized subsystem processes system inputs to generate the final Profit and Loss accounts, Balance Sheets, and Cash Flow statements for external corporate reporting:

  1. A
    Expense Accounting Sub System
  2. B
    Tax Accounting Sub System
  3. C
    Final Accounts Sub System
  4. D
    Costing Sub System

Solution & Step-by-step Explanation

The Final Accounts Sub-system (often integrated into the General Ledger module) automatically compiles transactional data at the end of a financial period. It organizes this data to produce formal statutory financial reports, including the Balance Sheet, Profit & Loss Account, and Cash Flow Statement.

Practice this question

Try it yourself before checking the explanation above.

This specialized subsystem processes system inputs to generate the final Profit and Loss accounts, Balance Sheets, and Cash Flow statements for external corporate reporting:
A
Expense Accounting Sub System
B
Tax Accounting Sub System
C
Final Accounts Sub System
D
Costing Sub System

Share This Question

Computerised AccountingOverviewFinal Accounts

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Browse TestsLeaderboard

Discussion