AccountancyCLASS 11CBSE
answered 23 Jun 2026What are the features of Computerized Accounting System?
A.VERIFIED ANSWERfact-checked by tutors
Features of Computerized Accounting System:
- Online input and storage
- Printout of purchase and sale invoices
- Logical scheme for codification of accounts and transactions. Every account and transaction is assigned a unique code.
- Grouping of accounts is done from the very beginning.
- Instant reports for management