Question : Computerized accounting system refers to the processing of accounting transactions through the use of ______.

Option 1: hardware

Option 2: software

Option 3: both 1 and 2

Option 4: none of these

Question : The __________ is traditionally the most popular method of keeping records of financial transactions of any organization.

Option 1: manual system of accounting

Option 2: computerized system of accounting

Option 3: both 1 and 2

Option 4: None of these

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 : What is chart of accounts?

Option 1: provides an index of every account in an accounting system

Option 2: provides a way of every account in non-accounting system

Option 3: Both 1 and 2

Option 4: None of these

Question : Under computerized system of accounting, MIS stands for

Option 1: Management Information System

Option 2: Management Invoices System

Option 3: Management Information Sources

Option 4: None of the above