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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


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: software


Solution : Financial statements produced under a computerised accounting system are produced by the computer. Consequently, there is no requirement to create a trial balance. Hence, the correct option is 1.

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