What is the advantage of a computer-based transaction processing system

इंडियन गवर्नमेंट एग्जाम प्रेप

A Does not require as stringent a set of internal controls

B Will produce a more accurate set of financial statements

C Eliminates the need to reconcile control accounts and subsidiary ledgers

D Will be more efficient at producing financial statements

Correct Answer: D

Solution & Explanation

A computer-based transaction processing system will be more efficient at producing financial statements.