Which of the following is a true statement about manual and electronic accounting systems?
There are no following statements.
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To determine which statement is true about manual and electronic accounting systems, you can compare and contrast the characteristics of both systems and analyze their advantages and disadvantages.
1. Accuracy: Electronic accounting systems tend to be more accurate than manual systems, as they minimize human errors and automate calculations.
2. Speed: Electronic accounting systems are generally faster than manual systems, as they can process large amounts of data quickly and generate reports almost instantly.
3. Cost: Manual accounting systems are typically less expensive to establish and maintain compared to electronic systems, as they do not require advanced software or specialized equipment.
4. Flexibility: Manual accounting systems offer more flexibility in terms of customization, as they can be tailored to meet specific organizational needs. Electronic systems may lack this level of customization.
5. Security: Electronic accounting systems provide better security measures to protect data from loss, theft, or unauthorized access compared to manual systems, which are more susceptible to human error or physical damage.
Based on these points, it can be concluded that the true statement about manual and electronic accounting systems is that electronic systems are generally more accurate, faster, and secure compared to manual systems, but they can be more costly to implement and lack the same level of flexibility.