What is one major benefit of using computers in modern business accounting?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Enables quick, accurate, and timely access to information.
In modern business accounting transactions are processed through computers. Usage of computers and Information Technology (IT) enables a business to quickly, accurately and timely access the information that helps in decision-making. This sharpens the competitive edge and enhances profitability. The computer systems works with the data which is processed by the hardware commanded by the user through software.