Question

1. Which of the following is not an advantage of a computerized accounting system?
A) Computers process transactions uniformly.
B) Computers help alleviate human errors.
C) Computers can process many transactions quickly.
D) Computers leave a thorough audit trail which can be easily followed.​

Answer 1

Costs involved in training staff to use system is not an advantage of introducing computerized accounting system. Training to use the system involves a huge cost which is a disadvantage of introducing computerized accounting system

Answer 2

Option (d) Computers leave a thorough audit trail which can be easily followed is not an advantage of a computerized accounting system.

Explanation:

Computerized accounting system is defined as a software program for business owners, which helps track revenue and expenses, prepare taxes, and estimate profits. It can be easily stored and accessed on a computer, network server, or remotely on any device that is connected to a strong mobile data or Wi-Fi connection or broadband connection.

Different Type of accounting system

1. Ready-to-Use Computerized Accounting System
2. Commercial Computerized Accounting System
3. Customized/ Tailored Computerized Accounting System

Advantages of Computerized accounting system :

1. simplicity
2. reliability
3. cost- effectiveness
4. ability to collaborate

Disadvantages of Computerized accounting system :

1. Potential fraud
2. Technical issue
3. Incorrect information

Project code #SPJ3