Are computerized accounting systems different than manual accounting systems? How are these different?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Are computerized accounting systems different than manual accounting systems? How are these different?

 

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Computerized accounting system refers to the the use of computer software/system for recording the accounting transaction electronically.

Manual accounting system refers to the use of physical books/ledgers for recording the accounting transaction manually.

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