Explain any three applications of computerized accounting system.

1.	Explain any three applications of computerized accounting system.
Answer» The applications of CAS are as follows: (i) Maintaining accounting records: In CAS, accounting records can be maintained easily and efficiently for a long time period. It facilitates fast and accurate retrieval of data and information. (ii) Inventory management: CAS facilitates efficient management of inventory. Updated information about the availability of inventory level of inventory etc. can be obtained instantly. (iii) Report generation: CAS helps to generate various routine and special purpose reports.

Answer»

The applications of CAS are as follows:

(i) Maintaining accounting records:

In CAS, accounting records can be maintained easily and efficiently for a long time period. It facilitates fast and accurate retrieval of data and information.

(ii) Inventory management:

CAS facilitates efficient management of inventory. Updated information about the availability of inventory level of inventory etc. can be obtained instantly.

(iii) Report generation:

CAS helps to generate various routine and special purpose reports.

Discussion

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