Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. describe how to manually process financial transac

Describe how to manually process financial transactions and outline the key features of manual and computerised...

50.1K

Verified Solution

Question

Finance

Describe how to manually process financial transactions andoutline the key features of manual and computerised accountingsystems. (300 words)

Answer & Explanation Solved by verified expert
4.3 Ratings (590 Votes)
Manually process financial transactions Mostly small business and sole proprietors process the transactions manually because they have small set up and business and they cannot afford the cost of accounting software Steps in processing financial transactions manually Firstly any transaction that takes place is noted in the rough    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Describe how to manually process financial transactions andoutline the key features of manual and computerised accountingsystems. (300 words)

Other questions asked by students

Basic Math
1.2K views

Find the equation (in terms of x and y) of the tangent line to the curve...

Biology
1.2K views

1-A nurse in the newborn nursery is monitoring a preterm newborn infant for respiratory distress syndrome....

Psychology
1.2K views

What questions, comments to you have about the experiences (150-250 Words) My experience regarding love and intimate...

Biology
1.2K views

Drag and drop the components of mRNA processing to match with their description Modification added...

Geometry
1.2K views

The point N lies on the segment MP 4 Find the coordinates of N so...

Basic Math
1.2K views

1 point In the figure below a rectangular piece of sheet metal was cut diagonally...

Basic Math
1.2K views

Directions - Convert the following equation to Standard Form. Make sure the leading coefficient is...

Statistics
1.2K views

The electric cooperative needs to know the mean household usage of electricity by its non...

Algebra
1.2K views

Find an equation of the parabola drawn below 0 2 x0 Select one O a...

Accounting
1.2K views

Palestine Company purchases X Company for $840,000 cash on January 1, 2019. The book value...

Accounting
1.2K views

"I'm not sure we should lay out $325,000 for that automated welding machine," said Jim...

Accounting
1.2K views

Which step would an accountant NOT do when preparing the statement of cash flows? reconcile...