During the present age of inter and intranet , the introduction of E-commerce, E-business, E-banking has brought a new challenge for accounting profession. E- commerce is any business activity that uses the inter-net and world wide web to engage in financial transactions. web site of manufactories' and retailers world wide can be accessed by potential customers 24 hours a day. Business and customers can view products and the way they work or fit together on computer or television to screens.
Customers can access information and order and pay for their choices without picking up the telephone or leaving home or office. In the world of banking and financial institutions bills can be paid balances obtained and stocks traded. There are drawbacks to this system of operation. Still this system continue to grow
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