Question

Three advantage of computerised accounting system.Solution

Answer 1

Answer:

✓Three advantages of computerized accounting system are:

1. Automation:

Since all the calculations are handled by the software, computerized accounting eliminates many of the mundane and time-consuming processes associated with manual accounting. For example, once issued, invoices are processed automatically making accounting less time-consuming.

2. Accuracy:

This accounting system is designed to be accurate to the minutest detail. Once the data is entered into the system, all the calculations, including additions and subtractions, are done automatically by software.

3. Data Access:

Using accounting software it becomes much easier for different individuals to access accounting data outside of the office, securely. This is particularly true if an online accounting solution is being used.

◆●◆●◆Hope this helped◆●◆●◆

Answer 2

Answer: Advantages of computerised accounting are:-

Explanation:

⭕️ Large volume of transactions

⭕️ Scalability

⭕️ Security

⭕️ Timely reporting

⭕️ Lower cost

⭕️ Less paper work