Computers in Accounting — Flashcards

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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…

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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…

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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…

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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.

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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,…

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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.

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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.

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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.