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Question: What is mis report and what role does it plays in accounts

Answer: MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations.

Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business.

Role Of MIS Report in Accounting:
management information system (MIS) reports are prepared by accountants or finance analysts. it contains data on sales or revenues, purchasing information, payroll, customer information, business plans/budgets and risks and other key data. the MIS reports helps management monitor the organization's performance and help in making better decisions.

MIS or Management Information System is a computer based system used by most organizations worldwide for transforming data into useful information for better decision making. It helps management make better plans and carefully organize business operations.

Management information system is used for generating reports including inventory status reports, financial statements, performance reports etc. These reports are essential for analyzing different aspects of business.

Role Of MIS Report in Accounting:
management information system (MIS) reports are prepared by accountants or finance analysts. it contains data on sales or revenues, purchasing information, payroll, customer information, business plans/budgets and risks and other key data. the MIS reports helps management monitor the organization's performance and help in making better decisions. Source: CoolInterview.com

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