Question : Final account subsystem in Accounting Information System (AIS) deals with -
Option 1: Preparation of Pay Roll
Option 2: Preparation of Final Accounts
Option 3: Preparation of budgets
Option 4: None of the above
Correct Answer: Preparation of Final Accounts
Solution : In an accounting information system (AIS), financial and accounting data are gathered, stored, and processed for internal users to disclose information to creditors, investors, and tax authorities i.e. preparation of final accounts.
Hence the correct answer is option 2.
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
Question : Modern computerised accounting system is based on the concept of database which is implemented using -
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
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