Question: Answer the following questions: 1. Define what a computerized accounting system is. 2. What is the importance of having a computerized accounting system in the

Answer the following questions:

1. Define what a computerized accounting system is.

2. What is the importance of having a computerized accounting system in the company?

3. Describe the advantages of a computerized accounting system.

4. Describe the similarities and differences between Quick books and Sage 50 software.

5. Describe what spreadsheets are.

Step by Step Solution

★★★★★

3.45 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is provided below Answer 1 iA computerised accounting sys... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

What are some similarities and differences between skimming pricing, prestige pricing, and above-market pricing?

Q:

What are some similarities and differences between mediation, fact finding, and interest arbitration?

Q:

What are some similarities and differences between a General Fund and a Special Revenue Fund?

Q:

GoodWishes Inc. [B] Adapted from Thomas L. Zeller, Loyola University Chicago, and Paul D. Kimmel, University of Wisconsin-Milwaukee The Business Situation GoodWishes Inc. has operated for many years...

Q:

Can someone please help me answer number 6 on this assignment? I have the rest done but I am stuck on number 6 only. Any help would be much appreciated. Thank You! HM1030: Week 1 Assignment What is...

Q:

Rainbow Life Insurance Company, based in Toronto, uses a job evaluation system of their own design. The system is based on five job characteristics: Skill, Mental Effort, Physical Effort,...

Q:

Label Each Question and Section: Read the Point/Counterpoint on page 534 of the text: Organizations Should Strive to Create Positive Organizational Culture Should organizations do everything they can...

Q:

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

Q:

I've attached the question as a word file, thanks! JWCL165_c10_444-505.qxd 8/12/09 7:24 AM Page 444 10 Liabilities Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1...

Q:

Can you please help me with questions 8 and 9 for Case 6..... I have answers to questions 1-7 if needed... Cases for Management Decision-Making CA-1 Suggested Uses of Cases Case Overview CASE 1 This...

Q:

A random sample size of 150 is taken from an infinite population having mean = 8 and variance 2 = 4. What is the probability that X will be between 7.5 and 10?

Q:

A plane light wave falls normally on a diaphragm with round aperture opening the first N Fresnel zones for a point P on a screen located at a distance b from the diaphragm. The wavelength of light is...

Q:

Antonio Lopez plans to buy a house for $ 2 8 7 , 0 0 0 . If that real estate is expected to increase in value by 8 percent each year, what will its approximate value be six years from now?

Q:

A restaurant bakes its own bread for $160 per unit (100 loaves), including fixed costs of $38 per unit. A proposal is offered to purchase bread from an outside source for $109 per unit, plus $8 per...

Q:

The diameter of steel rods manufactured on two different extrusion machines is being investigated. Two random samples of sizes n1 = 15 and n2 = 17 are selected, and the sample means and sample...

Q:

Green Company has prepared the following information for three of its divisions: Required(a) Compute each division??s return on investment and residual income, assuming a 10% cost of capital.(b)...

Q:

The fraction of defective integrated circuits produced in a photolithography process is being studied. A random sample of 300 circuits is tested, revealing 13 defectives. Find a 95% two-sided CI on...

Q:

Clark received $175,000 from her mothers estate. She placed the funds into the hands of a broker, who purchased the following securities on Lindas behalf: (a) Common stock was purchased at a cost of...

Q:

What is shown on a box plot? Instruction: Choose the option that best answers the question. Unique values Mode Median Mean absolute error

Q:

Can you explain why we need four (or sometimes three) segments for connection termination in TCP?

Q:

Assume Alice needs to send an e-mail to Bob. Explain how the confidentiality of the e-mail is achieved using S/MIME.

Q:

In distance-vector routing, good news (decrease in a link metric) will propagate fast. In other words, if a link distance decreases, all nodes quickly learn about it and update their vectors. In...

Q:

Table 20P-4 shows an economys GDP, current expenditures, and tax revenue for 20132016. a. Complete the table by filling in the prior-year debt for each year listed. b. For each year, is this economy...

Q:

For each of the scenarios below, determine whether you think it is likely that an employer could be discriminating against a person because of his or her age. Explain why or why not. a. A young...

Q:

Some economists have studied the effects of lookism, or discrimination based on how attractive a person is. Give an example of a case in which the market might encourage lookism and an example of a...