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Answer» Computerised Accounting Systems is based on the concept of database. It is an accounting information system that processes the financial transactions and events in accordance to the Generally Accepted Accounting Principles (GAAP) to produce reports as per the requirements of the users. | Manual Accounting | Computerised | | 1.As the data a recorded under manual accounting are visible. | As the data stored in computers are not visible. | | 2.The rail of events under manual accounting can be easily established | The rail of transactions (or) events cannot be established easily under computersied accounting. | | 3.The data recorded in manual accounting are not subjected to the risk of manipulation | The data recorded in computerised accounting system are subject to the risk of manipulation. | | 4.In manual accounting,accounting data cannot be adjusted to produce various special statement and reports | Under a computerised accounting system the accounting data can be easily adjusted to generate various special statement and reports. | | 5.The cost of preparing statement and report under manual accounting is high. | The cost of preparing statements and reports under computerised accounting is low | | 6.The reports prepared under manual accounting are mostly board and general purpose reports. | Under computerised accounting a number of special reports can be prepared to meet the needs of different mangers. |
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