State any three features of computerized accounting system.
Answer.
Simple and Integrated: It helps all businesses by automating and
integrating all the business activities. Such activities may be sales,
finance, purchase, inventory, and manufacturing etc. It also facilitates
the arrangement of accurate and up-to-date business information in
a readily usable form.
Accuracy & Speed: Computerised accounting has customized
templates for users which allows fast and accurate data entry. Thus,
after recording the transactions it generates the information and
reports automatically.
Scalability: It has the flexibility to record the transactions with the
changing volume of business.
