Question 28 of 37
Q.Explain the differences between Manual and Computerised Accounting.
Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2022Subjective· 5mImportance★★★★★est
76% · 28/37 Questions
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Start your 14-day free trial to unlock the full solution →In manual accounting every book is written, calculated and balanced by hand; in computerised accounting software and a database do the recording, posting, calculation and reporting automatically - making it faster, more accurate and easier to store and secure.
| Basis | Manual Accounting | Computerised Accounting |
|---|---|---|
| Recording | Entries written by hand in books | Data entered through software |
| Calculation | Done manually, prone to errors | Done automatically and accurately |
| Speed | Slow | Very fast |
| Posting to ledger | Done manually | Done automatically |
| Financial statements | Prepared manually at period end | Generated instantly on demand |
| Storage | Bulky physical books | Compact electronic database |
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