A computer is an electronic device that receives data or a set of instructions, processes them and then gives the information. These data and instructions are called input, whereas information is termed as output.
A computer makes our work easy. It is a machine having memory. It works with instructions. We can store words and numbers in its memory. It works fast and does not get tired. A computer never forgets and thousands of facts can be stored in its memory. It never makes careless mistakes.
Computer is used in every aspect of accounting. However, the main aspects are:
- Recording of transactions
- Stores accounting
- Payroll accounting
- Accounting for Debtors.