Oklahoma Chemicals plans to use its computers to post information from journals to the ledger instantaneously.One obvious benefit of this technology is:
A)A reduction in the number of accountants required by the firm.
B)Less scrutiny from agencies such as the Internal Revenue Service.
C)To shift financial decision making from people to programmed technology.
D)Readily available financial information.

Question

Quizplus · Accepted Answer

The obvious benefit of using computers to post information from journals to the ledger instantaneously is that it would provide readily available financial information. This would be useful for decision making and analysis. It does not necessarily mean a reduction in accountants or shift in decision making from people to technology, nor does it imply less scrutiny from agencies such as the IRS.

Oklahoma Chemicals Plans to Use Its Computers to Post Information