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Computerised Accounting System — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountComputerised Accounting System6 Marks
Question
Computerised accounting system is the best form of accounting system. Do you agree? Comment.
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Answer

Yes, Computerised accounting system is the best form of accounting system Advantages of Computerised Accounting System:
  1. High Speed: The accounting speed of a computer is much faster than that of a human being.
  2. High Reliability: The extent of reliability of the information generated by a computer is immense. The reliability remains the same despite the volume of the work whereas the reliability of a human work can be doubtful in case of voluminous work.
  3. Accuracy: The accuracy of a computer cannot be doubted once a particular program is fed. All the results based on such program would be 100% accurate whereas the results produced by a human being can vary due to fatigue, carelessness, etc.
  4. Updation of Information: All the related records in a computer get automatically updated once any information is punched in, whereas in case of manual accounts all the records will have to be altered one by one.
  5. Efficiency: The computer based accounting systems ensure better and efficient use of resources and time.
  6. Legibility: The data displayed on a computer screen is clear and legible thus avoiding errors caused by untidy writing in a manual accounting system.
  7. Lower Cost: The cost of maintaining accounts under the computerised system is much lower as compared to the manual system.

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