Which of the following best describes accounting systems?
A) Small businesses use several different types of accounting systems.
B) The number of transactions are not a relevant factor when choosing a computer-based accounting system.
C) Affordability is the most important factor in choosing an accounting system.
D) Most accounting systems are appropriate for many different sizes of business.
Correct Answer:
Verified
Q11: Variance analysis refers to:
A) an investigation of
Q12: Inventory turnover refers to:
A) customer handling of
Q13: The expense ratio is:
A) expenses divided by
Q14: Which is not a financial activity that
Q15: Balance sheet items are generally listed in
Q17: A ledger is an):
A) running balance of
Q18: One key advantage of offering credit is:
A)
Q19: The accounting cycle consists of:
A) sale, collection,
Q20: Which is not an advantage of accounting
Q21: Credit cards and online banking:
A) are universally
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