Question
Accountancy Question on Using a Computerized Accounting System
The Sales and Accounts Receivable Subsystem deals with
A
The recording of Sales, maintaining of Sales Ledger and Recievables
B
The preparation of Budget for the coming financial year
C
The preparation of Profit and Loss Account, Balance Sheet, Cash Flow Statement
D
The purchase and payment to creditors
Answer
The recording of Sales, maintaining of Sales Ledger and Recievables
Explanation
Solution
This subsystem focuses on the recording of sales, maintenance of Sales Ledger, and Receivables management.
Hence, the correct answer is Option 1.