General Studies · Computerised Accounting System
Which of the following statements accurately captures the fundamental difference in the accounting cycle between a Manual Accounting System and a modern Computerised Accounting System (CAS) in a bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Manual System provides greater consistency in the application of accounting principles across all branches compared to a computerised environment.
- 2The CAS transforms the journalising and ledger posting stages from periodic, sequential processes into a simultaneous, real-time, and continuous activity.✓
- 3In a Manual System, the trial balance generation is a simultaneous event, whereas in a CAS, it is a periodic task performed monthly.
- 4The CAS eliminates the need for secondary accounting records like the Subsidiary Ledgers, integrating all data into the General Ledger.
Correct answer
The CAS transforms the journalising and ledger posting stages from periodic, sequential processes into a simultaneous, real-time, and continuous activity.
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