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Question

Distinguish between a 'ready to use' and 'tailored' accounting software.

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Solution

The mentioned are the difference between ready to use and tailored accounting software.
Basis of DifferenceReady to UseTailored
Suitable forSmall and conventional businessLarge and typical business
Cost of installationLowHigh
Level of software and data secrecyLowRelatively high
Linkage to other information systemRestrictedIt is possible
Number of usersLimitedUnlimited
Training requirementLowHigh
AdaptabilityHighSpecific

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