Asked by Torye Smith on Jun 11, 2024
Verified
Which of the following is not an advantage of a computerized system over a manual system?
A) Transactions are recorded and posted at the same time.
B) Accuracy is usually better with a computerized system.
C) Current balances are always available.
D) Internal controls are optional to the computerized system.
Computerized System
An electronic system that uses computers and software to manage, control, or perform a task or process.
Manual System
A system where operations, transactions or processes are carried out without the use of automated or electronic systems, typically involving physical documentation and human intervention.
Internal Controls
Processes and procedures implemented by a company to safeguard its assets, ensure financial report accuracy, and promote operational efficiency.
- Identify the advantages and utility of automated accounting systems compared to traditional manual ones.
Verified Answer
Learning Objectives
- Identify the advantages and utility of automated accounting systems compared to traditional manual ones.
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