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

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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.

ekkarill92 answered 2 years ago

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