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इंडियन गवर्नमेंट एग्जाम प्रेप

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
Correct Answer: D
Solution & Explanation

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

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