Answer. A computer acts on the basis of information and program fed into it.The Computer does not have a mind of own.''A specification of a sequence of computation steps ( or instructions) telling the computer 'What to do ', in a particular programming language is referred to as program,''
Financial accounting is a branch of accounting that deals with the recording, summarizing, and reporting of financial transactions of an organization. Its scope includes: 1. Reporting performance and position: Reporting the performance of an organization as well as the state of the organization are the primary purposes. This can be seen through alternate names for the incomes statement and balance that were mooted for them namely the statement of financial performance and the statement of financial position. 2. Reporting to shareholders: Public traded companies accounts are relied on by more than direct shareholders. As a result of being publicly sold the scope of financial accounting information provided by these companies must also include the needs of potential investors to enable them to determine if they desire to invest in these companies. his he why publicly traded companies are required to publish their financial statement and make them the publicly available. 3. Rep...
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