Month-end postings to control accounts in a computerized accounting system are not required because
A) control accounts are not used in computerized systems
B) transactions are posted to accounts immediately
C) the input operator can choose to post to accounts at any time
D) transactions are posted at the end of the financial year

Question

Quizplus · Accepted Answer

In a computerized accounting system, transactions are posted to accounts immediately, eliminating the need for month-end postings to control accounts. Therefore, option B is the correct choice. Control accounts are used in computerized systems, but the input operator does not have the option to choose when to post transactions. Transactions are not posted only at the end of the financial year, as they are recorded in real-time.

Month-End Postings to Control Accounts in a Computerized Accounting System