Question 30 of 37
Q.Write any two Advantages of Computerized Accounting.
Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2022Subjective· 2mImportance★★★★★est
81% · 30/37 Questions
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Start your 14-day free trial to unlock the full solution →Computerised accounting is faster and more accurate than manual work and produces up-to-date reports instantly, besides storing large data securely with easy retrieval.
Two important advantages are:
- Speed and accuracy: The computer processes a large number of transactions in a very short time and performs calculations without arithmetical mistakes, so the records are reliable.
- Up-to-date information and automatic reports: Ledger balances are updated after every entry, and the trial balance, final accounts and other reports can be generated instantly whenever needed. …
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