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Why is the production of accounting records important?

Would you rather keep your business financial records in an accounting book or on your computer?

  • Would you rather keep your business financial records in an accounting book or on your computer? Why?

  • Answer:

    I think you can keep them in a computer only. A computer gives you many advantages, such as- 1) Easy calculations 2) Easy record keeping 3) Printing only the required fields any time 4) Portability of files To safeguard your files from being damaged in an accident, you can keep a regular backup of all your data. You can take the backup on a hard disk/CD/DVD or a tape. The frequency of backup will depend on the criticality of your data. In general, people take daily backups. Also, you ca buy some space online where you can keep the backup if you dont want to write the discs. Hop it helps!!

Stacy at Yahoo! Answers Visit the source

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I would keep them stored in a book and computer and a fire proof external hard drive that is water proof to in case of a fire .

I prefer electronically. It saves space and is more convenient. It is also smart to backup your data once every few months, just in case of hd crashes or whatnot.

MBA seeker

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