What are advantages of computer-based accounting system


Response to the following questions:

1. What is the basic objective of the accounting cycle?

2. Explain the first three steps in the accounting cycle.

3. What are the advantages of a computer-based accounting system? Does such a system eliminate the need for human judgment? Explain.

4. In a double-entry system of accounting, why must total debits always equal total credits?

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What are advantages of computer-based accounting system
Reference No:- TGS02115116

Expected delivery within 24 Hours