Exam Questions Please help
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Hi, I have been doing some old papers that I dont have the answers to and would like some help on a couple of questions, first one is<BR><BR>Name 3 reasons why you have a Creditors control account?<BR><BR>and second one is<BR><BR>List the benefits of using a Computerised accounting system?<BR><BR>I know these are fairly striaght forward but they are also quite vague so if someone knows the exact answers please help me!<BR><BR>Also good Luck to everyone on Tuesday!<BR><BR>Tracy
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Exam Questions Please help
Which old papers are there - I might have the answers for you!!<BR><BR>Creditors control<BR>Answers like...<BR>At a glance view of the amount owed to Creditors<BR>Ensure that you record all transactions in your purchase ledger<BR>erm.... Cos you need it for double entry.... it is Friday afternoon and I cant think.<BR><BR>Computerised System<BR>Less errors<BR>Less time to input<BR>Reports done in seconds<BR>all in 1 neat place<BR>networkable - more than 1 user using the books<BR><BR>Does these help you along??<BR><BR>Amanda0 -
Exam Questions Please help
Well i can give you one reason as to why you have a control account, it used as a checking device.<BR>and the benefits of using a computerised accounts system is that it quicker, more accurate it's free from arithmetical errors and safer as access can be controlled.<BR>Hope thats some help!0 -
Exam Questions Please help
Thanks guys! the one about the creditors A/C is from the June 02 paper, cant find the one for the computerised acc now, I am being swamped in paper! :} <BR>I have another one for you though, Give two advantages to having a deposit acc, I have one reson that a deposit acc will earn more interest, but cannot think of another one, my brains are begining to scramble I think!<BR><BR>Thanks again <BR><BR>Tracy0