Asked by Delaney Bacher on Jun 19, 2024
Verified
An accounting system has flexibility if it is able to be used by many different companies at the same time.
Accounting System
A system used by businesses for tracking their financial transactions, consisting of various processes, records, and reports.
- Grasp the concept of flexibility and adaptability in accounting systems for various organizational needs.
Verified Answer
LP
Leywes PierreJun 25, 2024
Final Answer :
False
Explanation :
Flexibility in an accounting system refers to its ability to adapt to changes within a specific company, such as growth or diversification, rather than its ability to be used by multiple companies simultaneously.
Learning Objectives
- Grasp the concept of flexibility and adaptability in accounting systems for various organizational needs.
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