Question

The Computerised Accounting System refers to ______.

Options

• Printing of Balance Sheet and Profit and Loss Accounts using computer.

• Processing of accounting transaction through computer and produce records and reports.

• Processing of accounting-related data and printing reports.

• None of the above.

Answer 1

The Computerised Accounting System refers to processing of accounting transaction through computer and produce records and reports.

Explanation:

A Computerised Accounting System (CAS) is the use of hardware and accounting software to process accounting transactions and generate accounting records and reports (journals, ledger, trial balance, balance sheet, profit & loss, etc.), so it involves transaction processing and report production rather than merely printing statements.