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Accountancy · 2023 · 3 marks
CBSE 2023 · Region 5 · Set 2 · Q31
Explain the following sub-systems of Accounting Information System : (a) Cash and Bank Sub-system (b) Sales and Accounts Receivable Sub-system
Marking-scheme solution
(a)
Cash and Bank Sub-System
It deals with the receipt and payment of cash both physical cash and electronic fund
transfer. Electronic fund transfer takes place without having the physical entry or exit
of cash by using the credit cards or electronic banking.
(b)
Sales and Accounts Receivable Sub-system
It deals with recording of sales, maintaining of sales ledger and receivables. It generates
periodic reports about sales, collections made, overdue accounts and receivables
position as also ageing schedule of receivables/debtors.
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.