Accounting · Core Banking System
In a Core Banking Solution (CBS) environment, why is the 'End of Day (EOD)' process critical from an accounting control perspective?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It closes internet banking access permanently for inactive accounts
- 2It archives all data for the next financial year
- 3It clears temporary system files
- 4It ensures all transactions are balanced and updated in the general ledger before the next business day✓
Correct answer
It ensures all transactions are balanced and updated in the general ledger before the next business day
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Core Banking System MCQs →Want more practice questions on Core Banking System?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Core Banking System