Question 1 Introduction
A computer accounting program can provide instant reports for management such as an inventory valuation.
When posting transactions, a computerised accounting system will automatically update the general (nominal) ledger.
A computer accounting program can provide instant reports for management such as an inventory valuation.
Computerised accounting systems require no training to operate them accurately.
A computerised accounting system will automatically post the double entry for a sales transaction.
Data entry will be slower on a computer accounting program.
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