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Showing posts from October, 2022

Accounting Information System: What Is It?

Describe It. Accounting Information System Dissection Accounting was carried out manually throughout a significant portion of human financial history. However, any procedure that depends on people is incredibly inefficient and susceptible to mistakes, at least sometimes. Skilled & precise auditors were in high demand. But when the 1970s arrived, the development of automated data processing made AIS possible (accounting information systems). These initial software initiatives were created internally at big organizations. Unfortunately, they were time-consuming & costly to maintain, and they didn't appear any better than using a calculator, paper, and a pen to do the math. Pre-built accounting software India solutions today constitute a separate business. Dozens of businesses battle for customers' dollars alone in India. Revenue and Outgoings: The AIS records and classifies money received from sales of goods or services, money spent on inventory, and money used f