Question : Statement 1: For efficient analysis and interpretation, the financial accounting data is categorised and codified.
Statement 2: The accounts are categorised according to their nature.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Question : Statement 1: By integrating and automating all business processes, computerised accounting system benefits all firms.
Statement 2: These tasks could include production, inventory management, sales, and financing.

Option 1: Both the statements are true

Option 2: Both the statements are false

Option 3: Statement 1 is true and statement 2 is false

Option 4: Statement 1 is false and statement 2 is true

Question : Statement 1: The management principles used in the public sector can also be applied in the nonprofit sector.

Statement 2: Both sectors have similar organizational structures and goals.

Option 1: Both statements are true
 

Option 2: Both are incorrect
 

Option 3: Statement 1 is true, and Statement 2 is false.

Option 4: Statement 1 is false, and Statement 2 is true.

Question : Statement 1: The management principles used in the public sector are different from those in the private sector.

Statement 2: The management principles used in the public and private sectors are the same.

Option 1: Both statements are true
 

Option 2: Both are incorrect
 

Option 3: Statement 1 is true, and Statement 2 is false.

Option 4: Statement 1 is false, and Statement 2 is true.

Question : Statement 1: The management principles used in the public sector can also be applied in the nonprofit sector.

Statement 2: The management principles used in the public sector are specific to government organizations.

Option 1: Both statements are true
 

Option 2: Both are incorrect
 

Option 3: Statement 1 is true, and Statement 2 is false.

Option 4: Statement 1 is false, and Statement 2 is true.