Overview of computerized accounting system

In modern business accounting transactions are processed through computers. The usage of computers and Information Technology (IT) enables a business to quickly, accurately, and timely access the information that helps in decision-making. This sharpens the competitive edge and enhances profitability. The computer systems (Figure 1.1) work with the data which is processed by the hardware commanded by the user through software.

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OVERVIEW OF COMPUTERISED ACCOUNTING SYSTEM

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