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🔴 UNIT 3 🔰IT AND DISINTERMEDIATION Disintermediation is  a process that provides a user or end consumer with direct access to a product, service or information that would otherwise require a mediator such as a wholesaler, lawyer or salesperson . The World Wide Web has often eliminated the need for a mediator. An online  reservation system  is  a software solution that allows customers to book their reservations or appointments online via a company's website or app instead of over the phone or in person Online hotel reservations  are a popular method for booking  hotel  rooms. Travellers can book rooms on a computer by using  online security  to protect their privacy and financial information and by using several online  travel agents  to compare prices and facilities at different hotels. Prior to the  Internet , travellers could write, telephone the hotel directly, or use a travel agent to make a reservation. Nowadays, online...

GENERAL INFORMATICS SKILL SYLLABUS Unit VI  Computerized Accounting (Using Accounting Software) Meaning, features and  advantages of computerised Accounting – Company Creation- Accounts Information- Ledger – Groups– Cost Centers – Accounts with inventory- stock item and stock Group  creation – voucher – types - entry – P/L A/c, B/S, Bank Reconciliation.  🛑Computerized Accounting (Using Accounting Software) MEANING  "computerized accounting" is accounting done with the aid of a computer Computerized accounting refers to carrying out accounting functions or processes using computers. It involves  recording and analyzing financial transactions electronically over accounting software . What is Computerized Accounting Software? Computerized accounting software is used for evaluating the profitability and financial performance of different organizations. Features of a Computerized Accounting System: 1. Data Security:  A computerized accounting system allows...

GST MEANING The goods and services tax (GST) is  a tax on goods and services sold domestically for consumption . The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is a common tax used by the majority of countries globally. In simple words, GST is a tax applicable to the value added to goods and services at each stage in the supply chain. There are four types of GST, namely, CGST, SGST, IGST, and UTGST . TERMINOLOGIES GST Goods and Services Tax, commonly known as GST, is a single, indirect, multi-stage, destination based consumption tax, which will replace almost all the existing Central and State taxes, including but not limited to CENVAT, Octroi, Sales Tax and Excise Duty etc. It is the one of the most common definitions of GST. It has replaced all existing direct and indirect, Central and State taxes, from 1st July, 2017. This is basic GST terminology, now there are other GST related terms...