TASK 7

Question 1

Compare bookkeeping systems ( 5 Marks )

Answer 1

1. Explain process for the transaction ( sales day book then to RCLA , customer accounts ?)
2. Explain manual process for credit notes and the process( what daybooks )
3. explain period end totals and what happens ( How are they checked )
4. Explain digital , posting to daybooks and ledger accounts is automatic. automatic reconciliation
5. explain , reduce errors and saves time, more effective