Which of the following is/are NOT an advantage of Computerized Accounting System?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- Data not prone to hacking.
Data is prone to hacking is not an advantage of Computerized Accounting System.
Following are the advantages of Computerised Accounting System (CAS):
1. Timely generation of reports and information in desired format.
2. Efficient record keeping.
3. Ensures effective control over the system.
4. Economy in the processing of accounting data.
5. Confidentiality of data is maintained.