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

Option 4: None of the above

Question : The computerised accounting system refers to - 

Option 1: Printing of Balance sheet and Profit and loss accounts using computer

Option 2: Processing of accounting transaction through computer and produce reports and records

Option 3: Processing of accounting related data and priting reports

Option 4: None of the above

Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.

Option 1: Profit and loss account

Option 2: Balance sheet 

Option 3: Manufacturing account

Option 4: None of the above

Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.

Option 1: Profit and loss account

Option 2: Balance sheet 

Option 3: Manufacturing account

Option 4: None of the above

Question : What are the features of computerised accounting software?

Option 1: storage of accounting data and on-line input

Option 2: instantly produces different reports

Option 3: group different account

Option 4: All of the above