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Question 1: Accounting Systems Comparison Table

Compare requirements for a manual versus computerized bookkeeping system.

Instructions:

1. Research various accounting systems, both manual and computerized, using the Internet.
2. Identify at least three manual accounting systems and three computerized accounting systems.
3. For each system, provide the following details:
- Name of the accounting system
- List all necessary equipment/components required for the system
- Specify any warranties associated with the system
- Include the prices of the system, if available

Sagot :

GinnyAnswer

Final answer:

Comparing manual and computerized accounting systems in terms of equipment, warranties, and prices.


Explanation:

Manual Accounting Systems:

  • Name of System: Traditional General Ledger System
  • Equipment Required: Ledger books, pens, calculators
  • Warranties: None
  • Prices: Varies based on quality

Computerized Accounting Systems:

  • Name of System: QuickBooks
  • Equipment Required: Computer, accounting software
  • Warranties: Software support
  • Prices: [tex]$299-$[/tex]499 for software

Another computerized system could be Xero, which requires a computer and internet connection.


Learn more about Accounting Systems Comparison here:

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