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 : 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

Question : What is an economy?

Option 1: It is a system which provides people, the means to work

Option 2: It is a system which provides people, the means to earn

Option 3: Both 1 and 2

Option 4: None of the above