Question 29 of 37
Q.What is Computerized Accounting?
Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2022Subjective· 2mImportance★★★★★est
78% · 29/37 Questions
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Start your 14-day free trial to unlock the full solution →Computerised accounting means maintaining books of account using a computer and accounting software, so that recording, posting, calculation and preparation of final statements are done automatically, quickly and accurately.
In a computerised accounting system the user enters the transaction data; the software (such as Tally) then posts it to the ledgers, updates balances and generates the trial balance, final accounts and other reports instantly. It needs accounting software, hardware, trained users and a database to s …
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