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What is the fundamental aspects of computerisedaccountig and development of computerised accounting?
The fundamental aspects of computerized accounting include the automation of financial transactions, real-time data processing, and enhanced accuracy and efficiency in record-keeping. It integrates various functionalities like invoicing, payroll, and financial reporting into a cohesive system, allowing for better decision-making and compliance. The development of computerized accounting evolved from traditional manual methods to sophisticated software solutions, driven by advancements in technology and the increasing complexity of financial management. This transition has significantly improved accessibility and streamlined operations for businesses of all sizes.
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What are the Components of a computerised accounting system?
This is an accounting system which uses the computer...blah blah blah black sheep
What are the advantages of computerised accounting?
Arithmetical accuracy. Generation of reports Easy search and comparison.
What are advantages of computerised accounting?
Arithmetical accuracy. Generation of reports Easy search and comparison.
What are the fundamental concept of accounting?
basic principle of accounting
What is the difference between computerised accounting and manual accounting?
Manual accounting is the kind that a person does by means of a pen (or pencil) and paper, and (at most) an adding machine to help; computerized accounting is the kind that computers do for you, by means of spread-sheets.
Benefits of computerised accounting?
Here are the key benefits of computerized accounting: Accuracy – Reduces human errors in calculations and data entry. Speed – Processes financial data quickly, saving time. Real-time Information – Provides up-to-date financial reports anytime. Cost-Effective – Minimizes manual work and reduces administrative costs. Easy Data Retrieval – Simplifies access to past records and transactions. Better Decision-Making – Offers detailed reports for informed business planning. Security – Protects data with backups and access controls.
What are Master files in accounting?
features of master file in computerised accounting
What are the objective of computerised accounting?
Exam question!
What are the Components of a computerised accounting system?
This is an accounting system which uses the computer...blah blah blah black sheep
What are the advantages of computerised accounting?
Arithmetical accuracy. Generation of reports Easy search and comparison.
What are advantages of computerised accounting?
Arithmetical accuracy. Generation of reports Easy search and comparison.
What has the author P H Bassett written?
P. H. Bassett has written: 'Computerised accounting' -- subject(s): Accounting, Data processing
What is the role of computerised accounting inthe modern business?
While the days of big volumes Journals, Ledgers, Cash Books are numbered , the role of computerised accounting has become immense. With finger tips, the management can have a glimpse of the present status of the company, without waiting for the manual statements prepared with strenuous manpower and length of time.Ensuring saving of space, time, without computerised accounting, modern business world would be rudderless.
What are the fundamental concept of accounting?
basic principle of accounting
What are fundamental concepts of accounting?
basic principle of accounting
Definition of computerised accounting?
computerized accounting is method of accounting using modern accounting technology .it will reduce the problems in manual accounting and help to save time cost ,prepare accurate accounts and also help to easy communication of accounts.
What are the disadvantages of computerised accounting?
1. High cost of computer and maintanace. 2. lack of compter knowledge
