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 : What are the components of accounting information system?

Option 1: Cash sub system

Option 2: Tax Accounting System

Option 3: Final Account Sub-system

Option 4: All 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

Question : Modern computerised accounting system is based on the concept of database which is implemented using - 

Option 1: Management Information System

Option 2: Database Management System

Option 3: Marketing Information System

Option 4: Accounting Information System

Question : For making a trial balance it is not necessary to make a ________ in computerized accounting system -

Option 1: Ledger Accounts

Option 2: Jounral

Option 3: Capital account

Option 4: None of the above