Processing methods
A) are the policies and procedures that protect assets from misuse
B) must be computerized
C) are the means by which the accounting system collects, summarizes, and reports accounting information
D) ensure that business laws and regulations are followed

Question

Quizplus · Accepted Answer

Processing methods refer to the methods used by the accounting system to collect, summarize, and report accounting information. They are not solely focused on protecting assets, ensuring compliance with business laws and regulations, or requiring computerization.

Processing Methods