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.
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A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting
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A) Change Tally Vault
B) Alter
C) Split Company Data
D) New Company
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A) Debit note
B) Credit note
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A) Company Create
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B) Contra Voucher
C) Payment Voucher
D) All of these