What are some differences between manual and computerized accounting

 

 

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Many contemporary businesses use a hybrid of the two systems. The manual element can range from keeping physical receipts to writing all journal entries by hand Computerized accounting systems allow financial statements to be created from information stored in the database. • Cost. The cost of computerizedManual accounting systems use pen and paper and require a lot of human effort to record transactions. On the contrary, computerized accounting uses accounting

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