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 : CAS (Computerized Accounting System) is designed to:

Option 1: automate

Option 2: integrate

Option 3: both 1 and 2

Option 4: None of these

Question : Computer enables a business to access the information that helps in _______.

Option 1: decision making

Option 2: earning profit

Option 3: Both 1 and 2

Option 4: None of these

Question : What is a password in CAS?

Option 1: enables a user to access a system including data

Option 2: enables a hacker to access a system including data

Option 3: enables a user to access a system without data

Option 4: to know as to who and what changes have been made in the original data

Question : Panchyayati Raj system is based on the Principle of

Option 1: Centralisation

Option 2: decentralisation

Option 3: Both of these

Option 4: None of these