Question : The______ of a vendor is also an important factor to consider while opting for a computerized accounting software.

Option 1: Level of profit

Option 2: Honesty

Option 3: Capability

Option 4: None of the above

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 : For making a trial balance it is not necessary to make a ________ in computerized accounting system -

Option 1: Ledger Accounts

Option 2: Jounral

Option 3: Capital account

Option 4: None of the above

Question : Under computerized system of accounting, MIS stands for

Option 1: Management Information System

Option 2: Management Invoices System

Option 3: Management Information Sources

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

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