There are advantages and disadvantages to using the different methods, depending on the company one method will
work better than the others for instance, the FIFO method is when the oldest inventory costs are assigned to
inventory items sold even if the i
I believe the main key advantage to converting to an
automated system is the speed. When information and
numbers are entered in any system there is an automatic
calculation. Such as dates being entered and then they save.
Accounting records are automatica
The process of accounting is made simpler through automation of the various processes
that basically comes with the improvement of technology and the use of computerized systems.
The advantages of the automated accounting are that th