Which option is better for small business owners, computerized or manual accounting system? Why? Support your answer with proper citations.
Which option is better for small business owners, computerized or manual accounting system? Why? Support your answer with proper citations.
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter3: Electronic Business (e-business)
systems
Section: Chapter Questions
Problem 5DQ
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Which option is better for small business owners, computerized or manual accounting system? Why? Support your answer with proper citations.
Expert Solution
Small business owners and Manual accounting system
Small business owners
A small business owners is/are an individual or group of individuals working with a small setup and usually does all the work by himself. In this business setup, they usually operates with limited capital and undertake all the risks by themselves.
Manual Accounting system
Manual accounting system usually uses physical books such as journals, ledgers and Payroll, where transactions are recorded into various books by hand(manually).
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