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Accountancy · 2023 · 3 marks
CBSE 2023 · Region 5 · Set 3 · Q31
Explain the following sub-systems of Accounting Information System: (a) Purchase and Accounts payable sub-system (b) Costing sub-system.
Explain the following sub-systems of Accounting Information System : (a) Purchase and Accounts payable sub-system (b) Costing sub-system.
Marking-scheme solution
(a)
Purchase and Accounts payable Sub-system :
It deals with the purchase and payments to the creditors. It provides for ordering
of goods, sorting of purchase expenses and payment to the creditors. It also
generates periodic reports about the performance of suppliers, payment
schedule and position of the creditors.
(b)
Costing Sub-System
It deals with the ascertainment of cost of goods produced. It has linkages with
other accounting sub-systems for obtaining the necessary information about cost
of material, labour and other expenses. this system generates information about
changes in the cost that takes place during the period under review.
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.