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: BASIC OF ACCOUNTING
What is the advantage of a computer-based transaction processing system , What is the advantage of a computer-based transaction processing system
What is the advantage of a computer-based transaction processing system
A.
Does not require as stringent a set of internal controls
Does not require as stringent a set of internal controls
B.
Will produce a more accurate set of financial statements
Will produce a more accurate set of financial statements
C.
Eliminates the need to reconcile control accounts and subsidiary ledgers
Eliminates the need to reconcile control accounts and subsidiary ledgers
D.
Will be more efficient at producing financial statements
Will be more efficient at producing financial statements
Solution
D. Will be more efficient at producing financial statements
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