Question
What is Accounting Information System?
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Answer
An accounting information system gathers data describing the organisation's activities, maintains a detailed financial record of the organisations operations, transforms the data into information and makes the information available to users both inside and outside the organisation.
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Similar questions
What is meant by Outstanding Expenses? Give its adjusting entry.
Mohan maintains books on Single Entry System. He gives you the following information:
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| ₹ | |
| Capital on 1st April, 2018 | 15,200 |
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| ₹ | |
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