Question : What do you mean by accounting package?
Option 1: Accounting Package not only provides for quicker data entry but also does data analysis and generates reports much more quickly than manual techniques.
Option 2: A computerised accounting system is made up of a collection of programmes called an accounting package.
Option 3: The process of recording, classifying, and transforming data into meaningful information is known as accounting package.
Option 4: None of the above
Correct Answer: A computerised accounting system is made up of a collection of programmes called an accounting package.
Solution : Computerized accounting systems are computer programmes that may be accessed remotely via the Internet, a network server, or a company's PC. You can create income and expense accounts using computerised accounting systems, including ones for rental or sales revenue, salaries, advertising charges, and material prices.
Hence the correct answer is option 2.