define computerised accountancy explain the advantage of computerised accountancy system.
Answer (1)
21st Aug, 2020
Hi,
Computerised Accountancy:
The computerised accounting system is an accounting data system that processes the financial transactions and transactions as per GAAP (Generally Accepted Accounting Principles) to produce reports as per user demands.
Advantage:
increased efficiency and time management when compared with manual accounting. Computers may more rapidly perform accounting functions or assessments than manual accounting systems, once data has been entered into the system.
I hope it helps you.
Happy learning!!
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