Question : What ate the reports that computerized accounting software takes into consideration as input through Accounting Software?

Option 1: Day books/journals

Option 2: ledger

Option 3: trial balance, position statement (Balance Sheet) and Statement of Profit and Loss (Profit and Loss Account)

Option 4: All of the above

Question : Modern computerised accounting system is based on the concept of database which is implemented using - 

Option 1: Management Information System

Option 2: Database Management System

Option 3: Marketing Information System

Option 4: Accounting Information System

Question : What are the features of computerised accounting software?

Option 1: storage of accounting data and on-line input

Option 2: instantly produces different reports

Option 3: group different account

Option 4: All of the above

Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.

Option 1: Profit and loss account

Option 2: Balance sheet 

Option 3: Manufacturing account

Option 4: None of the above

Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.

Option 1: Profit and loss account

Option 2: Balance sheet 

Option 3: Manufacturing account

Option 4: None of the above