EX 5-22 Computerized Accounting Systems Essay Example | Topics and Well Written Essays - 750 words - 1

EX 5-22 Computerized Accounting Systems - Essay Example Control accounts are set up from other budget summaries and before the control records can be shut, a compromise explanation is generally arranged to guarantee that all the sums of all qualities concur (Warren, Reeve and Duchac, 2012). The unending stock framework refreshes the records as considered fit to be contrasted with the intermittent stock framework where records are refreshed occasionally. In this manner in the ceaseless stock framework, the updates are made after each exchange subsequently giving increasingly exact figures.The figure introduced as the gross benefit will along these lines change if an interminable framework was utilized. This is because of the way that all exchanges made would have just been recorded. Why aren’t uncommon diary sums presented on control accounts toward the month's end in an electronic bookkeeping framework? An electronic bookkeeping framework calls for posting of the considerable number of records and aggregates on the PC framework. In any case, there are some unique diaries that don't call for posting of the sums toward the month's end is because of potential outcomes of mistakes. Control accounts are set up from other budget reports and before the control records c an be shut, a compromise proclamation is generally arranged to guarantee that all the aggregates of all qualities concur (Warren, Reeve and Duchac, 2012). The accompanying information were extricated from the bookkeeping records of Danhof Company for the year finished June 30, 2012:  Merchandise stock, July 1, 2011, $ 250,000  Merchandise stock, June 30, 2012, 325,000 Purchasesâ â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â 2,100,000 Buys returns and allowancesâ â â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â 50,000 Buys discountsâ â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â 39,000 Salesâ â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â 3,250,000 Cargo inâ â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â  â â â â 12,500