Accountancy, asked by Anonymous, 1 year ago

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Question

Distinguish between Computerised accounting and Mannual accounting.

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Answers

Answered by babushall
2
manual accounting system:

1.manual accounting is a system in which physical registers are maintained.

2. all calculations of adding subtracting and balancing are done manually.

3. recording of financial transactions is through journal entry .

4. adjustment entries are to be made in journal and ledger .

5. in case of fire or other mashup it is not possible to backup and save the paper records unless many copies of all pages are made and stored in different places .

6. it is time consuming to search the relevant data in Manual accounting .

computerized accounting:

1. in this system of accounting computers and different accounting softwares are used to maintain accounts .

2. all the calculations are done by the computer system .

3. data content of these transactions is stored in well design database .

4. we create ledger for adjustment record voucher entry .

5. all transactions can be saved and backed up in computerised accounting .

6. it is very easy to get the data immediately without wasting time .

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Answered by asritadevi2344
1
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