6th sem tally assignment
COMPUTERISED ACCOUNTING Computerized accounting is the use of accounting software to record, store, and process financial transactions electronically, replacing manual methods like ledgers . This system automates tasks like invoicing and payroll, leading to increased accuracy, efficiency, and faster reporting. 🔽ADVANTAGES 🔽 1.Speed and efficiency: Tasks like data entry, calculations, and report generation are much faster, saving significant time compared to manual methods. 2.Accuracy: Automation reduces human error from manual calculations and data entry, leading to more reliable financial records. 3.Real-time data: Financial information is updated immediately, providing up-to-date insights for better and more timely decision-making. 4.Automated reporting: Generating financial statements like profit and loss accounts and balance sheets becomes an instant process. 5.Reduced paperwork and storage: Storing records el...