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Title: :  A Review on Study of Computerized Accounting System in Small and Medium Scale Business
PaperId: :  22063
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 9 Issue 6 2023
DUI:    16.0415/IJARIIE-22063
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Bhor Gauri DinkarSamarth College of Computer Science
Kokate Dipali PrabhakarSamarth College of Computer Science
Hadawale Ashwini BaluSamarth College of Computer Science

Abstract

Commerece
Computerized Accounting System, Cash Control, Business, Organization
A computerized accounting system saves a great deal of time and effort, considerably reduces mathematical errors, and allows for much more timely information than does a manual system. In a real-time environment, accounts are accessed and updated immediately to reflect activity, thus combining steps 2 and 3 as discussed in the preceding section. The need to test for equality of debits and credits through trial balances is usually not required in a computerized system accounting since most systems test for equality of debit and credit amounts as they are entered. If someone were to attempt to input data containing an inequality, the system would not accept the input. Since the computer is programmed to post amounts to the various accounts and calculate the new balances as new entries are made, the possibility of mathematical error is reduced. Computers may also be programmed to record some adjustments automatically at the end of the period. Most software programs are also able to prepare the financial statement once it has been determined the account balances are correct. The closing process at the end of the period can also be done automatically by the computer. Human judgment is still required to analyze the data for entry into the computer system correctly. Additionally, the accountant's knowledge and judgment are frequently required to determine the adjustments that are needed at the end of the reporting period. The mechanics of the system, however, can easily be handled by the computer.

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IJARIIE Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. "A Review on Study of Computerized Accounting System in Small and Medium Scale Business" International Journal Of Advance Research And Innovative Ideas In Education Volume 9 Issue 6 2023 Page 1093-1095
MLA Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. "A Review on Study of Computerized Accounting System in Small and Medium Scale Business." International Journal Of Advance Research And Innovative Ideas In Education 9.6(2023) : 1093-1095.
APA Bhor Gauri Dinkar, Kokate Dipali Prabhakar, & Hadawale Ashwini Balu. (2023). A Review on Study of Computerized Accounting System in Small and Medium Scale Business. International Journal Of Advance Research And Innovative Ideas In Education, 9(6), 1093-1095.
Chicago Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. "A Review on Study of Computerized Accounting System in Small and Medium Scale Business." International Journal Of Advance Research And Innovative Ideas In Education 9, no. 6 (2023) : 1093-1095.
Oxford Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. 'A Review on Study of Computerized Accounting System in Small and Medium Scale Business', International Journal Of Advance Research And Innovative Ideas In Education, vol. 9, no. 6, 2023, p. 1093-1095. Available from IJARIIE, http://ijariie.com/AdminUploadPdf/A_Review_on_Study_of_Computerized_Accounting_System_in_Small_and_Medium_Scale_Business_ijariie22063.pdf (Accessed : ).
Harvard Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. (2023) 'A Review on Study of Computerized Accounting System in Small and Medium Scale Business', International Journal Of Advance Research And Innovative Ideas In Education, 9(6), pp. 1093-1095IJARIIE [Online]. Available at: http://ijariie.com/AdminUploadPdf/A_Review_on_Study_of_Computerized_Accounting_System_in_Small_and_Medium_Scale_Business_ijariie22063.pdf (Accessed : )
IEEE Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu, "A Review on Study of Computerized Accounting System in Small and Medium Scale Business," International Journal Of Advance Research And Innovative Ideas In Education, vol. 9, no. 6, pp. 1093-1095, Nov-Dec 2023. [Online]. Available: http://ijariie.com/AdminUploadPdf/A_Review_on_Study_of_Computerized_Accounting_System_in_Small_and_Medium_Scale_Business_ijariie22063.pdf [Accessed : ].
Turabian Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. "A Review on Study of Computerized Accounting System in Small and Medium Scale Business." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 9 number 6 ().
Vancouver Bhor Gauri Dinkar, Kokate Dipali Prabhakar, and Hadawale Ashwini Balu. A Review on Study of Computerized Accounting System in Small and Medium Scale Business. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2023 [Cited : ]; 9(6) : 1093-1095. Available from: http://ijariie.com/AdminUploadPdf/A_Review_on_Study_of_Computerized_Accounting_System_in_Small_and_Medium_Scale_Business_ijariie22063.pdf
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