Thursday, October 23, 2014

What is Manual Accounting?

Manual Accounting means what? It’s simple Accounting without the advantage of technology and performing accounting in your own hand. When any one perform accounting as maintaining past system and demonstrate its activity with paper and pen that time it would be Manual Accounting system. Shortly, A book with the policies, procedures, standards, and guidelines for the accountants of an individual proprietorship or company. Manual Accounting is not handy for the developing nation most of the time. It takes much time and can make many mistakes. The saddest part of Manual Accounting is it takes more time.