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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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