Students can go through AP Inter 2nd Year Accountancy Notes 9th Lesson Computerised Accounting System will help students in revising the entire concepts quickly.
AP Inter 2nd Year Accountancy Notes 9th Lesson Computerised Accounting System
→ Computerised accounting is accounting done with the aid of computer. It trends to involve dedicated accounting software and digital speeds sheets to keep track of business or clients financial transaction.
→ Computerised accounting is benificial use of current technological advances. Not only it revolutionised the traditional paper methods of accounting, but it has also created new types of accounting applications for business.
→ Computerised accounting system have replaced manual based accounting invirtually all business organisations providing accountants, managers, employees, stockholders access to vital accounting process, improve efficiency and cutting down costs.
→ Computerised accounting has many advantages like speed, accuracy, reliability-up- to-date information, real time user interface, automated document production, scalability, legibility, efficiency, quality reports. M/s reports, storage and retrieval.
→ Limitations of computerised accounting system are cost of training, staff opposition, discription, system failure, Breaches of security and ill effects on health.
→ The accounting packages are broadly classified into three categories. Viz-Ready-to- use, customised and tailored.