Question : The _________ is a record of inflow and outflow of resources.
Option 1: transaction
Option 2: accounting software
Option 3: hardware
Option 4: both 2 and 3
Correct Answer: transaction
Solution : The transaction is a record of the inflow and outflow of resources. Hence, the correct option is 1.
Question : The transaction is a record of ___________ of resources.
Question : Computerized accounting system refers to the processing of accounting transactions through the use of ______.
Question : Decrease in Cash Credit. would result in inflow/outflow/no flow of Cash and Cash Equivalents:
Question : Increase in Bank Overdraft; would result in inflow/outflow/no flow of Cash and Cash Equivalents:
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