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What is the definition of computerized accounting system what is computerized accounting system?
A computerized accounting system is made up of a computer or group of computers and an accounting software program. Many different types of systems are available to accommodate any type of business.
A computerized accounting system is used to record the transactions of a business. Every time a transaction happens, an entry is made into the system. The system records all the information and stores it in the system.
StorageAll information that is entered in the system is stored in the system. Most companies perform back-ups to the system regularly to avoid losing any information.
A computerized accounting system is designed to record all information and summarize it in the form of financial statements. At the end of every period, the system generates financial statements that are distributed accordingly.
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What is the definition of a CMMS System?
Computerized maintenance management system or CMMS for short, keeps a database of maintenance operations to aid the workers to keep track of what equipment needs maintenance or which stockrooms have the replacement parts they require. It aids the management by analyzing machine breakdown repair costs over preemptive maintenance.
What is the definition of 'cost concept'?
" Under the Cost Concept, amounts are initially recorded in the accounting records or purchase price," Introduction to Accounting and Business by Warren, Reeve and Duchac.
What are the definition of the tourism system?
There is no one single definition of tourism system. One definition is the travel of people outside of their home location.
What does the abbreviation cmts stand for?
The abbreviation CMTS can stand for many things. Typically, the abbreviation CMTS stands for Cable Modem Termination System or Computerized Maintenance Test System.
What is the definition of ordering system?
The definition of ordering system is the program or method in which the ordering process is carried out. Examples of an ordering system are MRP, DRP and fixed reorder point.
What are some of the attributes of a computerized accounting system?
what are some attributes of computerized accounting
Computerized accounting system?
Computerized Accounting System or CAS pertains to an integrated system that creates automated book of accounts and computerized accounting records and documents. Compared to manual accounting, CAS saves more time and is not prone to human error.
What is the flow of data in a computerized accounting information system?
what is the flow of data in a computerized accounting information system
The flow of data in a computerized accounting information system is?
what is the flow of data in a computerized accounting information system
Defination of computerized accounting system?
The computerized accounting system refers to the organized set of computerized procedures and methods used by businesses to record their financial information.
Disadvantages of computerized accounting system?
A computerized accounting system can have faults embedded into the software. These problems can lead to inaccurate calculations for the business.
What is the differences between manual computerized accounting systems for a service business?
A manual accounting system is a method of processing accounting functions with pencil and paper. A computerized accounting system allows accounting professionals to compute accounting tasks with a computer.
What are the Salient features of computerized accounting system?
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What computerized accounting system does SAP use?
SAP Is itself a computarized accounting system and does not use any other computarized accounting system.
What is computerrized financial accounting?
Computerized financial accounting means performing the accounting function using some kind of computerized accounting system or package like peachtree, quickbooks, SAP etc.
What is a computerized accounting system?
It is the accounting system under which books of accounts are prepared and managed by using specialized computerized accounting softwares like quickbooks, peachtree, SAP, oracle or Microsoft excel etc.
Manual accounting system vs computerized accounting system?
manual system is labor-intensive while computer-based system is easy and fast.....
