Q.List any four reports that accounting software can generate, and briefly state what each shows.

Because every voucher is posted automatically, the software can produce complete books and statements instantly.

Accounting software can produce many reports on demand from the vouchers already entered. Any four, each briefly explained:

1. Day Book — a chronological list of every voucher entered in a period (the computerised journal / book of original entry).
2. Ledger — the complete record of any one account, with all its debits, credits, and running balance.
3. Trial Balance — a list of all ledger balances with total debits equal to total credits, checking arithmetical accuracy.
4. Trading and Profit & Loss Account — shows gross profit and net profit for the period from income and expense ledgers.
5. Balance Sheet — shows the financial position at a date: assets on one side, liabilities and capital on the other. …

Name the report and say what it shows — just listing names without a description is incomplete. Do not confuse the Trial Balance (a check …