Accountancy, asked by ayansayyed123, 1 year ago

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

Answers

Answered by 22Aryan22
17
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.
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