Question:
The raw facts for any business application is known as which of the following components of Computerised Accounting System?
The raw facts for any business application is known as which of the following components of Computerised Accounting System?
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In any computerised system: Raw facts = Data; Instructions = Procedure; Tools = Software; Machines = Hardware.
Updated On: July 22, 2025
- Data
- Hardware
- Software
- Procedure
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The Correct Option is A
Solution and Explanation
In a computerised accounting system, the four components are: Hardware, Software, Data, and Procedure.
Out of these, Data refers to raw facts and figures that are collected and processed to generate meaningful information.
This may include sales figures, expenses, stock levels, transactions, etc.
Without data, no accounting process or reporting can take place.
Hence, the raw facts are called Data.
Out of these, Data refers to raw facts and figures that are collected and processed to generate meaningful information.
This may include sales figures, expenses, stock levels, transactions, etc.
Without data, no accounting process or reporting can take place.
Hence, the raw facts are called Data.
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