Computer in Accounting — Book Keeping & Accountancy STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyComputer in Accounting2 Marks
Question
In the computerized accounting system, closing balances are carried forward to the next period, automatically.
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Answer
This statement is True. Just like a manual accounting system, closing balances are not to be carried forward for the next period, in a computerized accounting system. As per the program it is automatically carried forward.
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