Sage Computerised Accounting - Qp2

The purpose of using computerised accounting is to save time, increase accuracy and enhance security.

If you have produced the financial statements based on inaccurate information, you have therefore produced a false view of the business. 

Limitations and risks of the computerised accounting includes:  (Select three)

All sales and purchases must be reported and VAT paid on them, regardless of whether the sale or purchase has been paid. 

It is good practice to always ensure that you have checked your company details as mistakes could have problematic implications in reality. 

You must save your data only once you have completed the input data.

Sage has a default date which you must override to ensure that you get the most out of your package. 

Using a computerised accounting system decreases the chance of you entering accurate information because the computer software completes all calculations and automatically performs all procedures.