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

CBSE BoardEnglish MediumSTD 11 CommerceAccountApplication of Computers in Accounting3 Marks
Question
What is Accounting Information System (AIS)?
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Answer

Accounting Information System (AIS) is a subsystem of Management Information System (MIS). It is a structure that allows its users to collect and store business or financial data and transform it into information and communicate to its internal and external users. The data so collected, stored and converted into information must be accurate and relevant to its users. Users of the Accounting Information System are management, consultants, CEO, regulatory and tax authorities, employees, etc.

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