Question: Compare and contrast a manual accounting system with a computerized accounting system for processing vendor transactions. What uses are there for using the Vendor Balance

Compare and contrast a manual accounting system with a computerized accounting system for processing vendor transactions. What uses are there for using the Vendor Balance Summary and A/P Aging Summary Reports? Explain why is the balance in Merchandise Inventory different than the balance in Accounts Payable? Be sure to include at least one reference from an online resource.

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