Explain any five advantages of computerised accounting system.

1.	Explain any five advantages of computerised accounting system.
Answer» The advantages of computerised accounting are as follows: (a) It is less time consuming in preparing financial statements. (b) It is more reliable and error-free. (c) It requires less man power to prepare accounts of an organisation. (d) it is very easy to modify records of accounts. (e) it requires less paper work. (f) Retrieval of data is very easy in this system

Answer»

The advantages of computerised accounting are as follows:

(a) It is less time consuming in preparing financial statements.

(b) It is more reliable and error-free.

(d) it is very easy to modify records of accounts.

(e) it requires less paper work.

(f) Retrieval of data is very easy in this system

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