State the relationship between informati | Class 11 Accountancy Chapter Applications of Computers in Accounting, Applications of Computers in Accounting NCERT Solutions

Question:

State the relationship between information and decision.

Answer:

As a system, every organisation accepts inputs and transforms them into outputs. All organisation systems pursue certain objectives through a process of resource allocation, which is accomplished through the process of managerial decision - making. Information facilitates decision regarding allocation of resources and thereby assists an organisation in pursuit of its objective.


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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 5: State the relationship between information and decision.....