4) Explain the similarities and differences in the flow ofinformation through the balance sheet...

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Accounting

4) Explain the similarities and differences in the flow ofinformation through the balance sheet accounts in a manual versus acomputerised accounting information system.
5) And is it important to acknowledge the similarities anddifferences that you noted above? Discuss

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Key DifferencesBetween Manual and Computerized AccountingThe difference between manual and computerized accounting isexplained below in pointsManual Accounting refers to the accounting method in whichphysical registers for journal and ledger vouchers and accountbooks are used to keep a record of the financial transactions Onthe other hand computerized accounting implies the method ofaccounting which uses an accounting software or package to recordthe monetary transactions which happen to an organizationIn manual accounting recording of the transaction can be donethrough the book of original entry ie journal day bookConversely in computerized accounting the transactions arerecorded in the form of data in the customised databaseIn manual accounting all the calculations ie additionsubtraction etc with respect to the transactions are performedmanually In contrast in computerized accounting there is no needto perform See Answer

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In: Accounting4) Explain the similarities and differences in the flow ofinformation through the balance sheet accounts...4) Explain the similarities and differences in the flow ofinformation through the balance sheet accounts in a manual versus acomputerised accounting information system.5) And is it important to acknowledge the similarities anddifferences that you noted above? Discuss