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 : 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 : 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

Question : What is the function of cash and bank sub-system?

Option 1: receipts and payment of physical cash

Option 2: receipt and payment of electronic fund trnasfer

Option 3: Both 1 and 2

Option 4: None of these

Question : Cash Flow statement is based on - 

Option 1: Accrual basis of accounting

Option 2: Cash basis of accounting

Option 3: Mixed basis of accounting

Option 4: None of these