List the various advantages of computerised accounting systems.

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Solution

Computerised accounting offers several advantages vis--vis manual accounting, these are summarised as follows.
(i) Speed
(ii) Accuracy
(iii) Reliability
(iv) Up-to-Date Information
(v) Real Time User Interface
(vi) Automated Document Production
(vii) Scalability
(viii) Legibility
(ix) Efficiency
(x) Quality Reports
(xi) MIS Reports
(xii) Storage and Retrieval
(xiii) Motivation and Employees Interest.

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