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Acc 101 - Basic Accounting 1

Acc 101 - Basic Accounting 1

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Accounting Assignment

Accounting Assignment

Uploaded by Auta Finiki

The four differences between manual and computerized accounting system

 
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Agbo Janet Acc 101 Assignment

Agbo Janet Acc 101 Assignment

Uploaded by Agbo Janet

NAME: AGBO JANET MAT NO: 16/38352/UE DEPT: AGRIBUSINESS OPTION: B.SC AGRIBUSINESS MANAGEMENT COURSE CODE: ACC 101 LEVEL: 200 Speed The 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. Cost Another 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. Backup A 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. STORAGE In Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.

 
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Achegbulu Joy Acc 101 Assignment

Achegbulu Joy Acc 101 Assignment

Uploaded by Achegbulu Joy Ene

NAME: ACHEGBULU JOY ENE MAT NO: 16/38471/UE DEPT: AGRIBUSINESS OPTION: B.SC AGRIBUSINESS MARKETTING AND CO-OPERATIVE COURSE CODE: ACC 101 LEVEL: 200 Speed The 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. Cost Another 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. Backup A 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. STORAGE In Manual system, storing of files is usually keep hard copies while in computerized system files are stored in soft copies.

 
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Acc 101

Acc 101

Uploaded by Anebi Thankgod

The difference between computerized accounting and manual accounting system.

 
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Accounting Assignment

Accounting Assignment

The four differences between manual and computerized accounting

 
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Accounting Assignment

Accounting Assignment

Uploaded by Deli Cornelius

The four differences between manual and computerized accounting system

 
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Tsegba Sylvia

Tsegba Sylvia

Assignment on ACC101

 
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Acc 101 by Amedu Babangida

Acc 101 by Amedu Babangida

Uploaded by Amedu Babangida

Differences between computerized accounting system and Manual Accounting system are listed below:

 
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Accounting Assignment

Accounting Assignment

Uploaded by Mimidoo Jennifer

DIFEERENCES BETWEEN MANUAL AND COMPUTERIZED ACCOUNTING SYSTEM

 
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Acc 101

Acc 101

Uploaded by Igbeyol Aondona

Differences between computerized accounting system and manual accounting system.

 
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FEDERAL UNIVERSITY OF AGRICULTURE MAKURDI
ACOOUNTING AND FINANCE DEPARTMENT
UNIVERSITY OF AGRICULTURE MAKURDI

ACC 101 – Introduction to Basic Accounting I

ASSIGNMENT 1

INSTRUCTION: Answer the question below AND state your Name, Matric.
Number, Department and Course Option.

ACCOUNTING AND FINANCE DEPARTMENT ANSWER QUESTION 1

BUSINESS MANAGEMENT DEPARTMENT ANSWER QUESTION 2

AGRIBUSINESS DEPARTMENT ANSWER QUESTION 3

1. Briefly discuss the following:
a. Cash Accounts
b. Personal Accounts
c. Real Accounts
d. Nominal Accounts
10%

2. Highlight any four (4) differences between journals and ledgers.
10%

3. Briefly discuss any four (4) differences between Computerized
Accounting System and Manual Accounting System.
10%

NOTE: To be uploaded (submitted) before Friday 16th of June, 2017.

Created 1 year ago by Gozie Umeh