Question

Describe the structure of computerised accounting system

Answer 1

A computerised accounting system is an accounting information system that processes the financial transactions and events as per Generally AcceptedAccounting Principles (GAAP) to produce reports as per user requirements. ... First, it has to work under a set of well-defined concepts called accounting principles

Answer 2

A computerised accounting system is an accounting information system that processes the financial transactions and events as per Generally AcceptedAccounting Principles (GAAP) to produce reports as per user requirements. ... First, it has to work under a set of well-defined concepts called accounting principles