Question

Database vs Manual Accounting Systems Task Manual Accounting System Debit and credit journal entries made manually Transactions Entered: • Vendor Transactions Customer Transactions • Employee Transactions Database Accounting System Transactions entered using onscreen database forms such as onscreen invoices and checks Debit and credit journal entries made manually Adjustments made using onscreen journal Financial Cycle: Adjusting Entries Correcting Entries Financial Cycle: Closing Entries Account Balances Completed automatically Debit and credit journal entries made manually Entries in journal manually posted to General Ledger accounts and account balances recalculated Account information stored in database tables, balances auto- matically calculated Financial Statements and Reports Reports prepared manually using General Ledger account balances Database queries retrieve infor- mation from various database tables and generate reports

Answer 1

→ dy Refering the abow table we can understand that Exel , Quickbooks and SAP will cours under data base accounting & because datas are entered using on screen database and Compk hed automatrally not manually, - x manual System is bookkeeping System where Records are maintained by hand without uring a computer System. Those may be Used bag by small companies or small business cont which is having a few consachons and low turnown, Since it is requires bulle of space and huge time now a day's most Companies profer data base accounting. . Gury Company ů using database u to lose cost and less time consumption accounting There are other data bases like Tanry GRP, Baan ERP ete are other data base accounting Scanned with Camsdoftwares