Question

Q29. Differentiate between Manual accounting and Computerised accounting system.
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Answer 1

Answer:

In accounting, the financial transactions are recorded, processed and presented to generate financial statements, that is useful to the readers, in making decisions. Traditionally, accounting is done manually, by a trained accountant, with the use of registers, account books, vouchers etc. But with the emerging technology, nowadays, computerized accounting is in vogue, due to its accuracy, convenience and speed.

Both manual and computerized system is based on the same principles, conventions and concept of accounting. However, they differ only in their mechanism, in the sense that manual accounting uses pen and paper, to record transactions, whereas computerized accounting makes use of computers and internet, to enter transactions electronically.

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Answer 2

Answer:

Hey mate here is your answer

Explanation:

that uses physical registers and account books, for keeping financial records. Computerized Accounting is an accounting system that uses an accounting software, for recording financial transactions electronically.

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