Question

What is meant by Computer In ACCOUNTING ? ​

Answer 1

A computerised accounting system is an accounting information system that processes the financial transactions and events as per Generally Accepted Accounting Principles (GAAP) to produce reports as per user requirements.

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Answer 2

Answer:

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Explanation:

Role of Computers in Accounting:

The manual system of recording accounting transactions requires maintaining books of ac­counts such as journal, cash book, special purpose books, and ledger and so on. From these books summary of transactions and financial statements are prepared manually.

The advanced technology involves various machines, which can perform different accounting functions, for example a billing machine. This machine is capable of computing discount, adding net total and posting the requisite data to the relevant accounts.