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Accounting

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Entries on Accounting

Uploaded by Auta Finiki | 2 views

The four differences between manual and computerized accounting system

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Uploaded by Agbo Janet | 1 view

NAME: AGBO JANET MAT NO: 16/38352/UEDEPT: AGRIBUSINESS OPTION: B.SC AGRIBUSINESS MANAGEMENTCOURSE CODE: ACC 101LEVEL: 200SpeedThe main difference between manual and computerized systems is speed. Accounting software processes data and creates reports much faster than manual systems. Calculations are done automatically in software programs, minimizing errors and increasing efficiency. Once data is input, you can create reports literally by pressing a button in a computerized system.CostAnother difference between manual and computerized systems is cost. Manual accounting with paper and pencil is much cheaper than a computerized system, which requires a machine and software. Other expenses associated with accounting software include training and program maintenance. Expenses can add up fast with costs for printers, paper, ink and other supplies.BackupA third difference between manual and computerized systems is the ease of backup of a computerized system. All transactions can be saved and backed up, in case of fire or other mishap. You cannot do this with paper records, unless you make copies of all pages--a long and inefficient process.STORAGEIn Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.

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Uploaded by Achegbulu Joy Ene | 2 views

NAME: ACHEGBULU JOY ENEMAT NO: 16/38471/UEDEPT: AGRIBUSINESSOPTION: B.SC AGRIBUSINESS MARKETTING AND CO-OPERATIVECOURSE CODE: ACC 101LEVEL: 200SpeedThe main difference between manual and computerized systems is speed. Accounting software processes data and creates reports much faster than manual systems. Calculations are done automatically in software programs, minimizing errors and increasing efficiency. Once data is input, you can create reports literally by pressing a button in a computerized system.CostAnother difference between manual and computerized systems is cost. Manual accounting with paper and pencil is much cheaper than a computerized system, which requires a machine and software. Other expenses associated with accounting software include training and program maintenance. Expenses can add up fast with costs for printers, paper, ink and other supplies.BackupA third difference between manual and computerized systems is the ease of backup of a computerized system. All transactions can be saved and backed up, in case of fire or other mishap. You cannot do this with paper records, unless you make copies of all pages--a long and inefficient process.STORAGEIn Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.

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Uploaded by Akersule Aondongu | 3 views

In banking system computers have become irreplaceable. They control ATMs, all data is stored on special hard disks and paper isn't used in accountancy any more. Furthermore, architects, designers and engineers can't imagine their work without computers. This machines are really everywhere and we depend on them also in such fields as criminology. They help police to solve crimes and collect evidence.

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Uploaded by Akersule Aondongu | 1 view

Computer is an electronic, automated information processing machine.

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Uploaded by Olekwu Peter Michael | 2 views

The four differences between manual and computerized accounting

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Uploaded by Deli Cornelius | 2 views

The four differences between manual and computerized accounting system

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Uploaded by Tsegba Sylvia Doosuur | 5 views

Assignment on ACC101

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Uploaded by Dep Ali Reng | 4 views

computer system consists of mainly four basic units; namely input unit, storage unit, central processing unit and output unit. Central Processing unit further includes Arithmetic logic unit and control unit, as shown in the figure:. A computer performs five major operations or functions irrespective of its size and make. These are • it accepts data or instructions as input, • it stores data and instruction • it processes data as per the instructions, • it controls all operations inside a computer, and • it gives results in the form of output.

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Admission into various colleges of the University.EducationManagement SciencesSocial SciencesNatural and Applied Sciences

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Uploaded by Aganyi Aondoakaa | 2 views

What Are Differences Between Manual & Computerized Accounting?

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Uploaded by Aganyi Aondoakaa | 1 view

assignment

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