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What are the Applications of computers in the accounting profession?
Wiki User
∙ 8y ago
* Financial Accounting with Double Entry Bookkeeping
* Principles of Accounting
* Basic Book of Accounting – Journal
* Accounting Ledger
* Accounting Sub Journals – Cash Cook
* Subsidiary Accounting Books
* Accounting Verification by Trial Balance
* Banking Transactions Bank Reconciliation Statement
* Depreciation
* Rectification Of Accounting Errors
* Balance Sheet and Profit and Loss Account
* Single Entry Bookkeeping Accounting System
* Non Profit Organization Accounting
* Capital and Revenue
* Reserves and Provisions
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoA computer is an electronic device that receives data or a set of instructions, processes them and then gives the information. These data and instructions are called input, whereas information is termed as output.
A computer makes our work easy. It is a machine having memory. It works with instructions. We can store words and numbers in its memory. It works fast and does not get tired. A computer never forgets and thousands of facts can be stored in its memory. It never makes careless mistakes.
Computer is used in every aspect of accounting. However, the main aspects are:
- Recording of transactions
- Stores accounting
- Payroll accounting
- Accounting for Debtors.
Wiki User
∙ 7y agoThere are tax-filing software and other accountancy tools that aid CPAs, auditors, and other accountancy-related positions that would make it easier to file personal/corporate tax forms and conduct audits should there be a question as to regarding whether there are any discrepancies in the financial documents.
Wiki User
∙ 10y agoTally is a best application of computer in accounting.
Wiki User
∙ 8y agoYou can set up Spreadsheets/Databases to store the data you are working on and it has a calculator which you can use on it.
Wiki User
∙ 11y agotally
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