Question : The transaction is a record of ___________ of resources.

Option 1: inflow

Option 2: outflow

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 : Decrease in Cash Credit. would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent

Question : Increase in Bank Overdraft; would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent

Question : Decrease in Cash Credit. would result in inflow/outflow/no flow of Cash and Cash Equivalents:

Option 1: Inflow of cash

Option 2: Outflow of cash

Option 3: Neither inflow Nor outflow

Option 4: Cash and cash equivalent