Check sibling questions

State any three advantages of computerized accounting system.

Answer

Advantages of Computarized Accounting Systems :-

(a) LARGE VOLUME OF TRANSACTIONS - In the present- day business environment,

the transactions of a business are normally large in volume. The computerised accounting system can store and process such voluminous transactions with speed and accuracy.

 

(b) TIMELY REPORTING - Availability of reports on time enables the management to take quick decisions, which is an important element for the successs of an enterprise.

 

(c) LESS PAPER WORK - Under the computerised process, there is less paper work as compared to the paper work in the manual process.

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Transcript

State any three advantages of computerized accounting system. Answer Advantages of Computarized Accounting Systems :- (a) LARGE VOLUME OF TRANSACTIONS - In the present- day business environment, the transactions of a business are normally large in volume. The computerised accounting system can store and process such voluminous transactions with speed and accuracy. (b) TIMELY REPORTING - Availability of reports on time enables the management to take quick decisions, which is an important element for the successs of an enterprise. (c) LESS PAPER WORK - Under the computerised process, there is less paper work as compared to the paper work in the manual process.

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.