Q.Distinguish between manual accounting and computerised accounting (any four points).

A computerised accounting system records, classifies, and summarises financial transactions using a computer and accounting software instead of hand-written books. The user enters each transaction once as a voucher; the software then posts to ledgers, totals them, and prepares statements automatically. Compared with manual accounting, it offers greater speed, arithmetical accuracy, automatic posting, instant reports, compact storage, password security, and easy tax handling. Its limitations are cost, the need for training, dependence on power and hardware, the risk of data loss (so backups are essential), and the 'garbage in, garbage out' rule that a wrong entry still gives a wrong result.