Question

The components of computerized accounting system refer to:

• A. Business transactions are analysed, transactions recorded, prepare trial balance, preparation of balance sheet and profit and loss account.
• B. Transformation of manual accounting system to CAS.
• C. From data entry to preparation of balance sheet and profit and loss account
• D. Preparation of Balance Sheet only.

Answer 1

The Correct Option is C

A computerized accounting system includes all accounting process stages, from initial data input to the creation of primary financial reports like the balance sheet and income statement. This end-to-end procedure guarantees the precise recording and reporting of all financial transactions.