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Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615

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BuyFindarrow_forward

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615
Textbook Problem
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What is an electronic form, and how is it used in a computerized accounting system?

To determine

Computerized Accounting Systems

Computerized Accounting System is used by all the forms of the companies for its three main advantages over manual systems. They are:

1. It simplifies the record keeping process by recording transactions in electronic journals or forms and simultaneously posting them to the respective ledgers.

2. This system is more accurate compared to the manual one.

3. It provides the management about the status of accounts (balances) that helps the management in proper decision making.

To explain: The electronic form and its use in a computerized accounting system.

Explanation

Electronic form- An electronic form refers to the software window, which gives input to the business transactions. Electronic invoice form can be used for both on account and cash transactions...

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