Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

Explain the Role of Computer in Accounting. - Book Keeping and Accountancy

Explain the role of Computer in accounting.

Advertisement Remove all ads


Nowadays, we cannot imagine our lives without computers. They have become an integral part of our lives. Infact, the modern era is regarded as the era of computers. Gone are the days when the business records were maintained manually. With the rising complexities in the modern business world, business accounts cannot be maintained without computerized accounting systems. Be it the preparation of books of original entries or the complete financial statements, the role of computers is inevitable.

Computer can be used in almost all the aspects of accounting. However, the main aspects are listed below.

• Recording of transactions

• Stores accounting

• Payroll accounting

• Accounting for debtors.

• Accounts of suppliers

• Classification of business transactions through sorting, merging and updating.

Concept: Meaning and Definitions of Partnership and Partnership Deed
  Is there an error in this question or solution?
Advertisement Remove all ads


Advertisement Remove all ads
Advertisement Remove all ads

View all notifications

      Forgot password?
View in app×