Question

Answer the following questions:
What is Computerised Accounting ? Mention the features of Computerised Accounting.

Answer 1

Computerized accounting systems are software programs that are stored on a company's computer, network server, or remotely accessed via the Internet.

Special Features of Computerized Accounting System:

1. It leads to quick preparation of accounts and makes available the accounting statements and records on time.

2. It ensures control over accounting work and records.

3. Errors and mistakes would be at minimum in computerized accounting.

4. Maintenance of uniform accounting statements and records is possible.

5. Easy access and reference of accounting information is possible.

6. Flexibility in maintaining accounts is possible.