Question : Which statement gives refined data according to the conditions and specifications of the user?
Option 1: Query
Option 2: Balance sheet
Option 3: Bank reconciliation statement
Option 4: None of these
Correct Answer: Query
Solution : According to the user's requirements and conditions, a query returns refined data.
Hence the correct anser is option 1
Question : CAS provides ________ for fast, accurate data entry of the transactions.
Option 1: user-definable templets
Option 2: user-non definable templets
Option 3: Both 1 and 2
Question : How are the following items presented in the financial statement of a Non-profit organisation: Subscriptions due at the end?
Option 1: assets side of the Balance Sheet
Option 2: liabilities side of the Balance Sheet
Option 4: None of the above
Question : What is the use of data vault?
Option 1: provides additional security through data encryption
Option 2: enables a user to access a system including data
Option 3: enables a user to know who and what changes have been made in the original data
Question : Cash Flow Statement by Indirect Method is prepared on the basis of ___________.
Option 1: Balance sheet
Option 2: Profit and loss account
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