Question

In: Accounting

With the wide spread use of computers, do we need to know debits and credits?

With the wide spread use of computers, do we need to know debits and credits?

Solutions

Expert Solution

debits and credits are the basics of accounting . With help of computer there has been ease in book keeping. With computer, many manual steps of accounting have become simple.

Computers help in preparation of ledgers , trial balance , statement of profit and loss, balance sheet.

For using computers in accounting, we need to still know the debits and credits.


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