Question

What is the importance of computers in accounting?

Answer 1

The importance of computers in accounting is as follows:

1. Faster computing: A computer has the ability to calculate faster than a human being.

2. Reliability: Computers can reliably perform large amounts of repetitive tasks while a human being may feel exhausted.

3. Accuracy: The chances of having errors in accounting is less in the case of a computer as compared to a human.

4. Updation: A computer updates every small detail all at a time, while in the case of human beings the data needs to be entered one at a time.

5. Storage and retrieval: It is easier to access any data on a computer as it is well organised and takes up less space as compared to ledgers and other books.

6. Secure: Data is more secure in the case of computers than ledgers.

Also read:

• Computerised Accounting System
• Class 11 Accountancy Chapter 13 Computerised Accounting System

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