0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question

The identification of transactions, based on application of accounting principles, is common to _________ accounting system.
  1. manual
  2. computerised
  3. Both (a) and (b)
  4. None of the above

A
manual
B
computerised
C
None of the above
D
Both (a) and (b)
Solution
Verified by Toppr

Identification of transactions is one of the activities in the context of a comparison between manual and computerized accounting systems. The identification of transactions, based on the application of accounting principles, is common to both manual and computerized accounting systems.

Was this answer helpful?
0
Similar Questions
Q1
The identification of transactions, based on application of accounting principles, is common to _________ accounting system.
View Solution
Q2
Which accounting concept is applicable to record a transaction entered between owner and business?
View Solution
Q3

Accounting records business transactions and events which are of a financial nature.Is this a limitation of accounting?

View Solution
Q4

A basic requirement which consist a set of principles, coding and grouping structure of accounting is _______________.


View Solution
Q5
Accounting transactions of an organisation are documented using a _________.
View Solution