Question:
Explain ‘Transparency and Control’ and ‘Accuracy and Speed’ as features of a Computerised Accounting System.
Explain ‘Transparency and Control’ and ‘Accuracy and Speed’ as features of a Computerised Accounting System.
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A computerized accounting system enhances productivity by improving accuracy, speed, and transparency in financial operations.
Updated On: Jan 18, 2025
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Solution and Explanation
- Transparency and Control: Computerized accounting systems provide clear and accurate reports, enabling better control and informed decision-making.
- Accuracy and Speed: Automation ensures minimal errors and speeds up data processing, saving time and enhancing reliability.
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