Question

What are the differences between manual and computerised systems when entering final transactions? Discuss in 100–120 words.

Answer 1

Accounting is an intrinsic part of any business, large or small--owners and other interested parties want to know whether they are making a profit or not. Many small businesses do their accounting manually and they are happy with this setup. Others may be considering using a computerized system, since accounting software is so affordable these days. Manual and computerized accounting systems perform basically the same processes; the accounting principles and concepts are the same with differences lying in the mechanics of the process.