A comparative study of conventional and modern system of accounting aims and objectives
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The modern system of bookkeeping – This strategy makes utilization of an accounting programming to enter the information speedier, and in addition gather and print reports like solicitations, finance, buy orders and others all the more precisely and rapidly. It helps in upgrading the stock control, installment accumulation, and cash flow processes. This is likewise called the modernized technique for accounting.
The conventional system of accounting – This technique made utilization of different books, for example, a business book, a money book and a purchased book to record an exchange. These were known as the books of the prime section and contained the points of interest of records relating to liabilities, resources, costs, and wage. This is additionally called the customary or manual technique for accounting.
The conventional system of accounting – This technique made utilization of different books, for example, a business book, a money book and a purchased book to record an exchange. These were known as the books of the prime section and contained the points of interest of records relating to liabilities, resources, costs, and wage. This is additionally called the customary or manual technique for accounting.
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