Accountancy: Computer in Accounting: Applications, Requirements and Process of Computerised Accounting (For CBSE, ICSE, IAS, NET, NRA 2022)

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In the present day՚s technology is the backbone of the development of the economy. In the area of accounting with the introduction of computer-based accounting is the call of the day. Which gathers the data into information and in turn classifies this information for the stakeholders of the accounting community.

Applications of Computer in Accounting

  • Preparation of accounting documents
  • Recording of transactions
  • Preparation of trial balance and financial statements

Requirements of Computerised Accounting

  • To handle numerous transactions
  • To reduce the paper work
  • Helps in flexible reporting
  • Quick and immediate reporting
  • Accuracy and security

Process of Computerised Accounting

Process of Computerised Accounting

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