Question

Project on comparative study of conventional and modern system of studying.

Answer 1

Indian accounting is set to face new challenges from the developed countries after
outsourcing accounting work . To meet the challenge accounting sector in India needs
tangible improvement in terms of quality and output. To fulfill these needs , Indian
accountants must be well formed about the latest trends in accounting industry , i.e. about
new techniques of voucher entries , new methods of accounting of branches and departments
and new system of automation of accounting work . This should be possible only with the
accountants interface millennium technology (Modern accounting ) in bringing about which
is playing an important role in the era of globalization. The aim of present paper is to
highlight the traditional and Modern accounting concepts.