COMPUTERIZED ACCOUNTING SYSTEM

A computerised accounting system is an accounting information system that processes the financial transactions and events as per Generally Accepted Accounting Principles (GAAP) to produce reports as per user requirements. ... First, it has to work under a set of well-defined concepts called accounting principles.

Comments

GOLDEN RULES OF ACCOUNTING

REAL ACCOUNT + Debit what comes into business. + Credit what goes out from the business. PERSONAL ACCOUNT + Debit the receiver. + Credit the giver. NOMINAL ACCOUNT + Debit the expense or loss of the business. + Credit the income or gain of the business.

WHAT IS TALLY?

Tally is an ERP accounting software package used for recording day to day business data of a company. For example each every accounting works done through computer. And Tally many versions of software are available...The latest version of Tally is Tally ERP 9.

WHAT IS E-COMMERCE?

E-commerce , also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.

BASIC COMMERCE

Search This Blog