CUET CUET Accountancy 2024 - The Sales and Accounts Receivable Subsystems deals with: | PYQs + Solutions

CUET Accountancy 2024

Accountancy

Using Computerized Accounting System

Easy

The Sales and Accounts Receivable Subsystems deals with:

the recording of Sales, maintaining of Sales Ledger and Receivables

the preparation of Budget for the coming financial year

the preparation of Profit and Loss Account, Balance Sheet and Cash Flow Statement

the purchase and payment to creditors

Correct Option: 1

The Sales and Accounts Receivable Subsystems focus on managing sales transactions and tracking money owed by customers.

Option 1 is correct because it involves:

- Recording Sales

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- Maintaining Sales Ledger

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- Managing Receivables

These tasks help businesses keep track of income and what customers still owe.

The other options are not related to sales and accounts receivable:

Option 2: Deals with budgeting, not sales.

Option 3: Involves financial statements, not sales tracking.

Option 4: Relates to purchases and payments, not sales.