Q.Write any five advantages of Computerised Accounting.

Computerised accounting is faster and more accurate than manual work, gives reliable and up-to-date reports on demand, stores large volumes of data compactly and retrieves it easily, and scales as the business grows.

Five advantages of Computerised Accounting

1. Speed - transactions are recorded and processed much faster than manual entry, and reports are produced instantly.
2. Accuracy - once data are entered correctly, calculations and postings are error-free; totals and balances are computed automatically.
3. Reliability - the computer performs repetitive tasks consistently without fatigue, so results are dependable.
4. Up-to-date information - ledgers, trial balance and financial statements are always current and can be generated at any moment. …