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Question

Which of the following is an example of "Instant reports for management" feature provided by computerised accounting system?

A
Aging Statement
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B
Bank Reconciliation Statement
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C
Journal
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D
None of the above
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Solution

The correct option is A Aging Statement
The examples of feature "Instant reports for management" provided by computerised accounting system are as follows: Aging Statement, Trial Balance, Trading and Profit and Loss Account, Balance Sheet, Stock Valuation, Value Added Tax (VAT), Returns, Payroll Report, etc.

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