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'Computerized accounting systems are the best form of accounting system’, do you agree?

'Computerized accounting systems are the best form of accounting system’, do you agree?

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Answer :

'Computerized accounting systems are the best form of accounting system’, Yes, I agree

Computerized accounting systems :

Computerized accounting systems are the accounting information systems that processes the financial transactions and events as per "Generally Accepted Accounting Principles" (GAAP).

Computerized accounting systems produce reports as per user requirements.

Various advantages which make Computerized accounting systems the best from others are as follows :

  • Faster Speed of data processing
  • Accuracy in data processing
  • Reliable source
  • Up to date indormation
  • Automated Document production
  • Efficiency in performing work
  • Quality Reports
  • Provide MIS reports
  • Storage nad Retrival of large amount of data
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