Accountancy, asked by nibaditabain1950, 11 months ago

What is the definition of computerized accounting system?

Answers

Answered by ankitgupta82
17

Explanation:

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. ... First, it has to work under a set of well-defined concepts called accounting principles.

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