Ans; the role of computer in accounting is explained as
follows:
(1)TRANSACTION RECORDING: In the business field, computers
are used mainly for recording day-to-day transactions. Accounting through
computers enables the business organization to reduce paper work and space
required for storage of accounting records.
(2)DEBOTOR’S ACCOUNTING: Accounting through computers helps
the business organization to prepare and maintain up-to-date individual records
of debtors.
(3).STORES ACCOUNTING; Accounting through computers enables
the business organization to prepare and maintain up-to-date stores ledger,
material cost analysis, cost per unit statement, stores control register,etc.
(4).PAY ROLL ACCOUNTING: computer can be used by the business organisation to prepare and maintain
pay roll and pay slips, statements income tax, provident fund deduction
statements , employees loan accounts etc.
(5).Financial accounting: important documents such as
vouchers cash memos, receipts, etc. can be created and maintained by using
computer technology .similarly computers can be used to prepare and maintain
SUBSIDIARY BOOK,TRIAL BALANCE,FINAL ACCOUNTS,RATIO ANALYSIS, CASH FLOW
STATEMENT,FUND FLOW STATEMENT, FINANCIAL REPORTS ETC.
TALLY PACKAGE SOFTWARE IS USED FOR FIANANCIAL ACCOUNTING AND
INVENTORY MANAGEMENT. IT IS MOST POPULAR SOFTWARE IN ACCOUNTING .
