Accounting & Computers

From the beginning of civilization, from days of carcass tokens to the invention of the abacus, be has been a daily part of life. During the technical revolution double-entry bookkeeping came into existence, in the late 1400s Franciscan monk and mathsematician Luca Pacioli wrote a math book, Summa, that documented the procedure for double-entry bookkeeping (Johnson, 2011). Double-entry bookkeeping requires: 1) Each campaign is recorded in deuce accounts, and 2) Each Account has deuce columns (Internet Center for Management and business Administration, Inc). DateAccountsDebitCredit Feb 18, 2011cash$500.00 Revenue$500.00 Now, just venture for every single doing your compevery creates you nowadays have to accurately handwrite a minimum of two news report entries. antecedent to the invention of computers accounting was tot totallyy dependent on records that were well-kept on paper. Accountants would fell hours upon hours, almosttimes even day later on day, conduction accounting duties that transferred figures from cardinal department to an separate in spite of appearance the same confederacy. Accountants had to be experts at using the calculator and other mathematical formulas, and did everything by hand.

Because businesses and other organizations have so numerous figures to account for, having close to(prenominal) accountants was essential (How invoice Has Changed with Computers, 2010). Lets explore at the how accountants would have to journalize purchases a company would make end-to-end any given month. The Accounts payable process, for example, is used to record all purchases a company makes. almost purchases argon for supplies to run the office, some are for supplies to run the positive company store area, and some are for the purchase of swop that will be resold to customers. When a company makes the purchases for merchandise from upside Parts, store supplies from Ace newspaper publisher the interest entries must be made to record these purchases. Journal...If you fate to part a spacious essay, order it on our website: Ordercustompaper.com

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