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Identify the concept referred to Computerised Accounting System:
- a)Printing of Balance Sheet and Profit and Loss Accounts using computer
- b)Processing of accounting transaction through computers and produce records and reports
- c)Processing of accounts related to data and printing reports
- d)Creating only Journal entry using computer
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Identify the concept referred to Computerised Accounting System:a)Prin...
Computerised Accounting System:
Processing of accounting transaction through computers and producing records and reports is the primary concept referred to as Computerised Accounting System.
Explanation:
- Efficient Processing: Computerised Accounting System allows for the efficient processing of accounting transactions. This includes recording, classifying, summarising, and interpreting financial information.
- Automation: By using computers, repetitive tasks such as data entry, calculations, and report generation can be automated, saving time and reducing errors.
- Accurate Reports: The system can generate accurate financial reports such as Balance Sheet, Profit and Loss Accounts, Cash Flow Statements, etc., based on the data inputted.
- Real-time Information: With a Computerised Accounting System, businesses can access real-time financial information, enabling them to make informed decisions quickly.
- Secure Data: Data in a Computerised Accounting System can be stored securely, with access controls and backup procedures in place to protect sensitive financial information.
In conclusion, the concept of a Computerised Accounting System revolves around using computers to process accounting transactions efficiently, produce accurate financial records and reports, and provide real-time financial information for businesses to make informed decisions.
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Identify the concept referred to Computerised Accounting System:a)Prin...
CAS refers processing of accounting transactions through computers.
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Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer?
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Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer?.
Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the concept referred to Computerised Accounting System:a)Printing of Balance Sheet and Profit and Loss Accounts using computerb)Processing of accounting transaction through computers and produce records and reportsc)Processing of accounts related to data and printing reportsd)Creating only Journal entry using computerCorrect answer is option 'B'. Can you explain this answer?.
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