Question :
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
Answer : D
What is the advantage of a computer-based transaction processing system
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
Answer : D
Description :
A computer-based transaction processing system will be more efficient at producing financial statements.
Related Questions - 1
Which file in tally is used to record the import activity
A) Tally.dat
B) Tally.ini
C) Tally.imp
D) None of the above
Related Questions - 2
A ‘credit note’ is sent by ________ to ________
A) Seller buyer
B) Buyer seller
C) Customer seller
D) Creditor seller
Related Questions - 3
Related Questions - 4
To see reports of Job Work Analysis
A) Display > Statements of Accounts > Job Work Analysis
B) Display > Job Work In Reports > Job Work Analysis
C) Display > Statements of Accounts> Cost Centre > Job Work Analysis
D) None of these
Related Questions - 5
A ______ is sent to a customer when he returns the goods
A) Debit note
B) Credit note
C) Proforma invoice
D) Bill