Answered: Which option is better for small…

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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Question

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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