Which is probably the most immediate and significant effect of database technology on accounting?
A) replacement of the double entry-system
B) change in the nature of financial reporting
C) elimination of traditional records such as journals and ledgers
D) quicker access to and greater use of accounting information in decision-making

Question

Quizplus · Accepted Answer

Database technology allows for quicker access to and greater use of accounting information in decision-making, as data can be quickly and easily retrieved and analyzed. While it may lead to changes in financial reporting and the elimination of traditional records, these would not be considered the most immediate or significant effects. The double entry-system is still commonly used and not necessarily replaced by database technology.

Which Is Probably the Most Immediate and Significant Effect of Database