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

Question : CAS (Computerized Accounting System) is designed to:

Option 1: automate

Option 2: integrate

Option 3: both 1 and 2

Option 4: None of these

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 : 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