Download App

Application of Computers in Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountApplication of Computers in Accounting1 Mark
Question
Define AIS.
✓

Answer

An Accounting Information System is a system of collecting, processing, summarising and reporting information about a business organisation in monetary terms.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Application of Computers in Accounting→Application of Computers in Accounting — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

“Under the liquidity approach, assets which are most liquid are presented at the top of the balance sheet”. Do you agree?
→
Manish has paid salaries of ₹ 1,50,000 for the year ended 31st March, 2019. Salaries include ₹ 20,000 paid in advance for the year ending 31st March, 2020. Show how it will be shown in the Profit and Loss Account and the Balance Sheet.
→
What do you understand by Operating Profit? How is it calculated?
OR
What is meant by Operating Profit?
→
A Profit and Loss Account is a point statement whereas a Balance Sheet is a periodic statement Comment.
→
What is meant by Error of Omission?
→
How can Closing Capital be ascertained from incomplete records?
→
What do you understand by Days of Grace?
OR
How many Days of Grace are added to the period of Bills of Exchange?
→
''Trial Balance is only a prima facie evidence of the arithmetical accuracy of records''. Do you agree with this statement? Give reason.
→
What are Financial Statements?
→
Ascertain the value of Opening Stock from the following:
 
₹
 
₹
Purchase
1,20,000
Closing Stock
30,000
Sales
1,90,000
Carriage Inwards
7,000
Return Inward
10,000
Rate of Gross Profit on Sales
40%
Return Outward
4,000
    
→