How many kinds of accounting software are there in the market? Explain them.
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Accounting software
Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, journal, general ledger, payroll, and trial balance. It functions as an accounting information system.
Explanation:
There are many types of accounting software applications on the market today. Some applications are intended to perform accounting functions for large corporate organizations, while others are meant for personal use. Still other applications fall somewhere in between, performing functions suited to small businesses, as well as those suited to.
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