Transactions entered in the computer as they occur and processed simultaneously in the processing capabilities of accounting system is

Related MCQs

• To verify cash transactions, it is necessary
• The examination of documentary evidence in support of transactions contained in the books of accounts is referred to as
• The process of collecting and evaluating evidence to determine whether a computer system safeguards assets, maintains data integrity, achieves organizational goals effectively, and consumes resources efficiently.
• The arrangement of duties of staff in such a manner, that the work of one person is automatically checked by another during the course of carrying out, recording and processing a transaction.
• An arrangement of accounting routine that errors and frauds are automatically prevented or discovered by the very operation of bookkeeping itself is called
• The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as
• Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by
• Common governance problems of corporate failures in India are i. Accounting frauds carried out in collusion with statutory auditors ii. Insider trading iii. Fiduciary failure by the board iv. Disproportionate compensation paid to executive board members and senior management.
• Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts
• Satyam computer services Ltd. was founded in 1987 by RamalingaRaju and his brother as aprivate company with just