Question

State any five differences between Manual Accounting and Computerized Accounting.​

Answer 1

Answer:

any five differences between Manual Accounting and Computerized Accounting.​

Manual Accounting

1. It uses books and physical registers to record financial data.

2. It is Slow

3. It is hard to backup data

4. It is prepared when required

5. One performs all the calculations by hand.

Computerized Accounting

1. It uses a computer with financial software to collect financial data electronically.

2. It is Relatively faster.

3. You can save entries of transactions and back them up easily.

4. It provides a trial balance every day.

5. The computer system carries out the calculations after one feeds it with the data.

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