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• Enterprise resource planning (ERP) is a platform companies use to manage and integrate the essential parts of their businesses. Many ERP software applications are critical to companies because they help them implement resource planning by integrating all the processes needed to run their companies with a single system. • ERP applications also allow the different departments to communicate and share information more easily with the rest of the company. It collects information about the activity and state of different divisions, making this information available to other parts, where it can be used productively. • An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more. • ERP software can be used by variety of companies, ERP software has expanded to include nearly all types of businesses. Typically, each company will have its own specific reasons to implement an ERP solution. Therefore, assertion is incorrect. • he components of an ERP system depend on the organization's needs. However, there are key features that each ERP should include. Generally, packages include finance, human resource, logistics and manufacturing, supply chain management, and customer relationship management and ERP also streamlines various components of the Supply chain, therefore the reason is correct. • Hence the correct answer will be option D.
Which of the following incomes is taxable under the head income from other sources?
A statutory auditor of a company needs to report fraud/suspected fraud within _____ of his/her knowledge of the fraud.
IRR is the rate at which:
Nitin acquired a machine in exchange of an old machine and paid ₹ 20,000 in cash. The carrying amount of the old machine was ₹ 2,00,000 whereas its ...
Which Schedule of the Companies Act, 2013 deals with the general instructions for preparation and presentation of the final accounts of a company?
Which of the following account has a Credit Balance?
When is a Suspense Account opened?
If a company has a foreign branch, how are its financial statements translated as per AS 11?
If the fixed cost is Rs.43,500 and the company, the contribution is Rs.500 per unit, how many unit sales would a company need to do to earn a profit of ...
Classify the following under the respective head in balance sheet:
Items:
I. Current maturities of long-term debt