The accounting reports generated by the accounting software may be either routine reports or on the specific requirements of the user.

True

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False

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Solution

The correct option is A True
When the related information is summarized to meet a particular need, it is called as a report. The content and design of the reports is expected to vary depending up on the level to which it is submitted and decision to made on the basis of the report. The accounting reports generated by the accounting software may be either routine reports or on the specific requirements of the user. For example, the ledger is a routine report while a report on supplies of a particular item by a given party is an on-demand report.

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