An accounting system is a set of records and the procedures and equipment used to perform the accounting functions. Manual systems consist of journals and ledgers on paper. Computerized accounting systems consist of accounting software, computer files, computers, and related peripheral equipment such as printers. Regardless of the system, the functions of accountants include observing, identifying, and measuring economic events, recording, classifying, and summarizing measurements and reporting economic events and interpreting financial statements. The presentation gives better understanding on the topic.

Saranya R Kurup

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