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 option is used to view list of Primary and Secondary groups in Tally
A) List of Accounts
B) Accounts
C) List
D) None of these
Related Questions - 2
Related Questions - 3
Where do we record transactions of salary, rent or interest paid
A) Contra
B) Journal
C) Receipt
D) Payment
Related Questions - 4
Predefined groups are also called as
A) Main group
B) Primary group
C) Statutory group
D) Parent group
Related Questions - 5
Which of the following is the example of external users of accounting information
A) Government
B) Owners
C) Management
D) Employee