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What do you mean by AIS? What are the different subsystems of AIS?

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Accounting Information System (AIS):

Accounting Information System (AIS) and its various subsystems may be implemented through the Computerised Accounting System (CAS). Such system of AIS are described below.

1. Cash and Bank subsystem: Receipts and payments of cash 

2. Sales and Accounts Receivable sub system: Maintaining of sales and Receivables ledgers.

3. Inventory sub system: Purchase and sale of goods, Specifying the price, quantity, and date. 

4. Purchase and Accounts Payable Sub system: Maintaining of purchase and payable leadgers. 

5. Pav Roll Accounting sub System: Payment of salaries and wages. 

6. Fixed Assets Accounting Sub system: Purcahses, additions, sale and usage of fixed assets. 

7. Expense Accounting sub system: Various types of expenses. 

8. Tax Accounting Sub system: Deals with GSTIN, Income Tax etc.

9. Final Accounts sub system: Preparation of nal accounts. 

10. Costing sub system: Ascertainment of cost of goods produced. 

11. Budget sub system: Preparation of budgets. 

12. Management information sub system (MIS): Preparation of reports that are vital for management decision making.

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