Question

Which of the following is true statement for computerised accounting system?
a. the computer accounting system is based on the concept of database.
b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.

• A. Only a
• B. Only b
• C. Both a and b
• D. None of the above

Answer 1

The correct option is A Only a

Accounting software is used to implement a computerised accounting system. The computer accounting system is based on the concept of databases. It does away with the concept of creating and maintaining journals, ledgers, etc.