Answer to Question #79320 in Finance for Hugh Heron

Question

What are the differences between manual and computerised systems when entering final transactions?

Answer 1

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.
Source:
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