Exercises · Q4
Q.Distinguish between Manual Accounting and a Computerised Accounting System.
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Start your 14-day free trial to unlock the full solution →Manual accounting and a computerised accounting system follow the same underlying rules of double-entry bookkeeping; they differ in how the recording and reporting work is actually carried out.
| Basis of comparison | Manual Accounting | Computerised Accounting |
|---|---|---|
| Recording | Entries written by hand in journals/ledgers | Vouchers keyed in once; posting is automatic |
| Speed | Slow | Fast |
| Accuracy | Prone to casting/posting errors | Calculations performed by software |
| Retrieval | Requires searching through physical registers | Any entry searchable instantly |
| Cost pattern | Low initial cost, rising with volume | Higher initial cost, lower cost per transaction as volume grows |
| Reporting | Periodic only | Available on demand |
| Backup | Physical books can be permanently lost | Data can be duplicated and stored securely |
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