Question

State the advantages and features of integrated accounting system

Answer 1

Hey dear....

Here is your answer...

✔️Advantage of integrated accounting systems

1) Savings in clerical work because one set of accounts is kept thereby reducing clerical costs;

2) No need to reconcile financial and cost profits;

3) No confusion arises from different stock valuations, method of depreciation and profits

4) The probability of error is less because recording takes place in one set of accounts and

5) Information produced on an integrated system is quicker, thus helping management in decision making

......... ALONE BUT HAPPY.......

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