Accounting & Computers

From the beginning of civilization, from days of clay tokens to the invention of the abacus, be has been a daily part of life. During the commercial revolution double-entry bookkeeping came into existence, in the late 1400s Franciscan monk and mathssematician Luca Pacioli wrote a math book, Summa, that documented the procedure for double-entry bookkeeping (Johnson, 2011). Double-entry bookkeeping requires: 1) Each performance is recorded in both accounts, and 2) Each Account has both columns (Internet Center for Management and Business Administration, Inc). DateAccountsDebitCredit Feb 18, 2011cash$500.00 Revenue$500.00 Now, just theorize for every single doing your compevery creates you now have to accurately handwrite a minimum of two news report entries. introductory to the invention of computers accounting was completely dependent on records that were keep on paper. Accountants would fell hours upon hours, abouttimes even day after(prenominal) day, co nduction accounting duties that transferred figures from one department to anformer(a) inwardly the same confederacy. Accountants had to be experts at using the calculator and other mathematical formulas, and did everything by hand.

Because businesses and other organizations have so umteen figures to account for, having more or less(prenominal) accountants was essential (How Accounting Has Changed with Computers, 2010). Lets looking at at the how accountants would have to journalize purchases a company would make end-to-end any given month. The Accounts Payable process, for example, is used to record ever y(prenominal) purchases a company makes. S! ome purchases argon for supplies to run the office, some are for supplies to run the actual company store area, and some are for the purchase of merchandise that will be resold to customers. When a company makes the purchases for merchandise from Acme Parts, store supplies from Ace physical composition the interest entries must be made to record these purchases. Journal...If you pauperization to part a full essay, order it on our website: BestEssayCheap.com

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