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Accounting (Text Only)
What happens to the special journal in a computerized accounting system that uses electronic forms?
Explain the impact of using electronic form for special journal in a computerized accounting system.
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:
- It simplifies the record keeping process by recording transactions in electronic journals or forms and simultaneously posting them to the respective ledgers.
- This system is more accurate compared to the manual one.
- It provides the management about the status of accounts (balances) that helps the management in proper decision making...
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