The computer is known to be an electronic machine used by man for different purpose. The Benefits of computerized accounting are;
- It is Cost savings.
- It also limit the frustration one gets have when compared to manual accounting.
- It tend to lower the cost of audit expenses
<h3>What are computerized accounting benefits?</h3>
The benefits of the use of these programs is that they lower the staff time one spent in working on accounts.
This computerize device is known to help reduce audit expenses and the records are often up-to-date and clear.
They help management limit stress levels linked to with what is unknown.
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Answer: Profit = Rs 240
Explanation:
The cost price will be:
= 2800 ÷ (100% + 40%)
= 2800 ÷ 140%
= 2800 ÷ 140/100
= 2800 × 100/140
= 2000
Cost price = Rs 2000
Since the article is sold by allowing 20% discount, the sales price will be:
= Rs 2800 - (20% × 2800)
= 2800 - (0.2 × 2800)
= 2800 - 560
= 2240
Selling price = Rs 2240
Therefore, profit = Rs 2240 - Rs 2000 = Rs 240
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