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computerised accounting notes
NOTES Overview of Computerised Accounting System (CAS) Computers are widely used in all business today. They normally used in business houses to record business transactions, prepare wage sheet, inventory control, prepare final accounts etc. Computers perform all the accounting operations at high speed and with a high degree of accuracy. Computerised accounting is the process of recording business transactions and generating financial statements and reports with the help of computers and various accounting softwares.It is used to simplify the accounting procedures and to increase the efficiency of the business. In simple words, accounting with the help of computers is called computerised accounting. Features/ Advantages of computerized accounting system 1.Simplicity: Computerized Accounting System (CAS) is an easy way to process the accounting transactions. In CAS, the job of an accountant is only to enter accoun...
