___________ is the basic requirement which consists a set of principles, coding and grouping structure of accounting.

Operating procedure

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Accounting framework

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Data processing

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Back-end database

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Solution

The correct option is A Accounting framework
Every computerised accounting system has two basic requirements; Accounting Framework : It consists a set of principles, coding and grouping structure of accounting.

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Similar questions

A basic requirement which consist a set of principles, coding and grouping structure of accounting is _______________.

List-I(Accounting concept)	List-II(Principle involved)
I. Consistency	(a) Losses are anticipated and accounted for in advance but profits are not accounted for until realised
II. Comparability	(b) All the relevant financial information should be summarised and presented in the accounting statements
III. Conservatism	(c) According procedures in an entity should be followed uniformly from period to period
IV. Disclosure	(d) Accounting statement of different periods of an entity and those of different entities of a period should be based on the same accounting principles and procedures
	(e) Personal Judgement of accountants should not influence accounting measurements

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