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 mathematicssematician Luca Pacioli wrote a math book, Summa, that documented the procedure for double-entry bookkeeping (Johnson, 2011). Double-entry bookkeeping requires: 1) Each act is recorded in both accounts, and 2) Each Account has twain columns (Internet Center for Management and Business Administration, Inc). DateAccountsDebitCredit Feb 18, 2011cash$500.00 Revenue$500.00 Now, just conceive for every single doing your compevery creates you now have to accurately handwrite a minimum of two news report entries. forward to the invention of computers accounting was completely dependent on records that were well-kept on paper. Accountants would fell hours upon hours, whatsoever(prenominal)times even day afterward day, conduction accounting duties that transferred figures from one department to an separate in spite of appearance 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 many figures to account for, having some(prenominal) accountants was essential (How Accounting Has Changed with Computers, 2010). Lets note at the how accountants would have to journalize purchases a company would make throughout any given month. The Accounts Payable process, for example, is used to record exclusively purchases a company makes. Some 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 newspaper publisher the interest entries must be made to record these purchases. Journal...If you deficiency to part a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper