Question

Akhil, your class mate, argues that computerised Accounting System suffers some draw 

1. Do you agree with this? 

2. Give your justification

Answer 1

1. I agree 

2. Limitations of CAS. 

• Faster Obsolescence of technology necessitates frequently upgradation in accounting software. 
• Data may be lost or corrupted due to power interruption. 
• Un programmed reports can not be generated 
• Alterations in transactions are easy. This reduces the reliability of accounting work. 
• Work with CAS is expensive.