Question : Under computerized accounting system, GAAP stands for _____________.

Option 1: Generally Accepted Accounting Principles

Option 2: Gently Accepted Accounting Principles

Option 3: Generally Accepted Academic Principles

Option 4: Generally Accepted Accounting Process

Question : An accounting information system processes the financial transactions and events based on -

Option 1: Governing Principles

Option 2: Management Principles

Option 3: Accepted Principles

Option 4: Generally Accepted Accounting Principles

Question : With __________ accounting the organisation have greater transparency.

Option 1: Computerized accounting

Option 2: Manual accounting

Option 3: Both 1 and 2

Option 4: None of the above

Question : Statement 1: In management accounting, data from cost accounting and financial accounting are both used.
Statement 2: Therefore, a suitable system is required to combine cost accounts and financial accounts.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Question : Under Computerised Accounting System, financial statements are generated from the _________ itself.

Option 1: software

Option 2: manual

Option 3: Both 1 and 2

Option 4: None of these