Question

Explain recording of transactions' as one of the components of computerised accounting software.

Answer 1

Explanation:

✍✍✍✍✍✍A computerized accounting system is a software program that is stored on a company's computer, network server, or remotely accessed via the Internet, and it can be a great benefit for a business.

✍✍✍✍✍ It can help streamline accounting steps and help minimize errors.

Answer 2

Explanation:

The components of Computerised Accounting System are : (a) Data, Report, Ledger, Hardware, Software; (b) Data, People, Procedure, Hardware, Software; (c) People, Procedure, Ledger, Data, Chart of Accounts; (d) Data, Coding, Procedure, Rules, Output.