Question

Database systems may profoundly affefct the fundamental nature of accounting. The basic rationale for the double-entry model is that the redundancy of recording the amount of a transaction twice provides a check on the accuracy of data processing. The double entry-accounting system may be unecessary in database systems. Explain why this could be true and discuss any impact of database systems on accounting and the AIS.

Answer 1

Answer:

The double-entry model of accounting might be un-necessary in database frameworks could be valid as the sums identified with the exchange are gone into a database frameworks accurately, as it is put away just a single time and not twice. Information handling is adequately precise to make pointless the detailed arrangement of checks and twofold watches that describes the double-entry model.  

Despite the fact that there are points of interest of double-entry accounting, in database frameworks it is superfluous as the database model handling get the job done these focal points.  

Effect of database frameworks on bookkeeping and the AIS are robotization and smooth out reporting.It process, changes and creates an information and it is utilized for dynamic as it gives the opportune data as it is mechanized.  

Solid interior controls are actualized in the framework with the goal that accounting frauds won't happen.