Computers in Accounting

Answer

A computer is an electronic device that performs a variety of operations according to a set of instructions called a programme. It accepts data, processes it, and transforms it into information. In ac…

Answer

A computer is called a data processing machine because it accepts data, stores it, processes it, retrieves it when needed, and gives the result in a desired form. It changes raw facts into useful info…

Answer

Speed means a computer can process data millions of times faster than humans. Most modern computers are capable of performing 100 million calculations per second. This makes accounting work much quick…

Answer

Storage means a computer can store a very large amount of data and information in a small physical space. It can also store pictures and sound in digital form.

Answer

Accuracy means a computer performs calculations with very high correctness and gives the same accuracy every time. Errors usually happen because of wrong programs or inaccurate data entered by humans,…

Answer

Diligence means a computer does not get tired or lose concentration. It can continue doing many calculations with the same speed and accuracy from first task to last task.

Answer

Versatility means a computer can perform many different jobs. The same computer may be used for accounting, games, preparing bills, and sending e-mails. This makes it useful in many areas.

Answer

Communication means computers can work as powerful communication tools. Computers in an office can be connected through a network so that people can communicate and share data easily.