application for computer in accountancy
Answers
Answer:
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Explanation:
☞Application of Computers in Accounting
1. Recording of transactions: Record all the business transactions properly and timely.
2. Preparation of ledger accounts: Computers prepare all ledger accounts by given
transactions, like cash, bank, debtors, sales a/c etc.
3. Preparation of Trial Balance: It prepares the Trial Balance according to ledger accounts.
4. Preparation of Final A/c: It has utility to prepare Trading A/c, Profit & Loss A/c and balance sheet
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