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Distinguished between mis and ais

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Distinguished between mis and ais

Posted by Sanket Kumar 5 years, 11 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 5 years, 11 months ago

MIS	AIS
MIS is a planned system of collecting, processing, sorting and disseminating data in the form of information required to carry out the functions of management.	AIS allows its users to collect and store business or financial data and transform it into information and communicate to its internal and external users.
It is wider system, AIS is also a sub-system of it.	It is narrower system as it part of other system.
MIS report useful in making prudent and reasonable business decision.	AIS provides financial information necessary to manage the organisation.

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