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Answer» Computerised accounting is different from manual accounting, the following are the main difference between these two: | Computerised Accounting | Manual Accounting | | 1. In computrised accounting data can be easily processed and statements can be prepared with high speed and accuracy. | 1. In manual accounting financial statement cannot be prepared with such speed and accuaracy. | | 2. Mass data can be stored in very small space and brought back very easily. | 2. Data are stored in large number of books and retrievel of data is a very tedious job. | | 3. Coding is essential in computerised accounting. | 3. Coding is not essential. | | 4. Closing entries are not necessary | 4. Closing entries are necessary. | | 5. The possibility of errors are less in computerised accounting. | 5. The possibility of errors are more. |
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