Answer:
1. Journal entries are quicker and more comfortable in the manual accounting
2. Posting is easier in computer software-based accounting
3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.
4. Financial statements are more straightforward in software-based accounting than manual accounting
Explanation:
The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.
1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries
2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts
3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.
4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.
<span>GDP, or Gross Domestic Product, is typically defined as services, products, goods produced and bought by an national economy in a specific time frame, and is measured comparatively to a time period before. Bitcoin is an example of an underground currency that is not part of the GDP, due to no production of goods or services for the nation and not regulated by government.</span>
A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is called planning bill.
<h3>What is a planning bill?</h3>
This is the term that is used to refer to the group of items that are in a material format bill that would carry the reflection of the way that materials are sold and not the way that it is built. It helps to check for the possible options and the features.
A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is called planning bill.
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Read more on planning bill here: brainly.com/question/25811779
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Answer:
decrease ; supply.
Explanation:
The decrease in supply creates an excess demand at the initial price.
Excess demand causes the price to rise and quantity demanded to decrease. Unemployment is also unavoidable.
