This sub system deals with the recording of different items purchased and issued specifying the price, quantity and date.

This subsystem deals with the preparation of Profit and Loss accounts, Balance Sheet and Cash Flow statements for reporting purposes.

Which of the following is not the advantage of Computerised Accounting System (CAS):

________ ensures security of data even if it lands in wrong hands, because the receiver of data will not be able to decode and interpret it.

______ sub system deals with payment of wages and salary to employees.

Revenue from operations = 4,00,000, Average Inventory = 55,000, Gross Profit Ratio = 10%. Calculate inventory turnover ratio-

Arrange the following steps to prepare the Comparative Statements- (A) List out absolute figures in rupees relating to two points of time (B) Prepare the format (C) Find out the change in absolute figures by subtracting the first year from the second year and indicate the change…

The ___________ ratios are primarily measures of return-

Match List-I with List-II List-I | List-II (A) Dissolution of firm by agreement | (I) When a partner becomes insane (B) Compulsory dissolution of firm | (II) With the consent of all partners (C) Dissolution of firm by notice | (III) When business of a firm becomes illegal (D) Dis…