What is Accounting Information System (AIS)?

A.VERIFIED ANSWERfact-checked by tutors

Accounting information system is a collection of resources designed to transform financial and other data into information. This information is communicated to a wide variety of decision-makers. Accounting information systems perform this transformation whether they are essentially manual systems or thoroughly computerized.

Suggested Q&A

ACCOUNTANCY · CLASS 11

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What is meant by Assets? Also explain its types.
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Explain the following terms of Accounting: (a) Sales (b) Revenues (c) Profit (d) Gain (e) Loss (f) Discount (g) Drawings.
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Explain any five advantages of Accounting.
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Explain any five limitations of Accounting.
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Explain the following terms of Accounting: (a) Expenses (b) Expenditure (c) Debtors (d) Creditors (e) Voucher.