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What is the reason for the discrepancy between the findings of Murray and Holmes and Swann?
Computerized Accounting Systems
Software applications designed to manage and automate accounting transactions and tasks.
Manual Systems
Traditional methods of processing data and managing information that do not rely on automated or computerized systems.
Special Journals
Accounting books used to categorize and record specific types of transactions such as sales, purchases, cash receipts, and cash disbursements, streamlining the accounting process.
Record and Post
The process of recording transactions in the journals and subsequently posting them to the ledger accounts.
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