The discovery and correction of errors is important in a computerized system. What kinds of errors might occur in these systems? What type
(s) of errors will be prevented in a computerized system?
1. Failing to record transactions.
2. Recording a transaction more than once.
3. Recording a transaction in incorrect accounts.
4. Entering an incorrect number in both the debit and credit parts of the transaction.With a computerized system, you cannot process a transaction unless debits equal credits. Additionally, you cannot post to the wrong account, as posting occurs automatically.
192. Identify the three main advantages of a computerized accounting system over a manual accounting system.

Question

Mathieu Grindlay · Accepted Answer

Final Answer :

1. Simplification of the recording process by recording transactions electronicallyand posting to both the general and subsidiary ledgers at the same time.
2. Generally more accurate than manual systems.
3. Provides management with current balance information to support decisionmaking since account balances are updated as transactions are entered.

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