Today's automated accounting process:
A) Is built on a structure independent of manual accounting
B) Does not require special journals or subsidiary ledgers
C) Is built on an operational structure similar to manual accounting
D) Eliminates errors in the accounting process
Correct Answer:
Verified
Q46: When a transaction occurs in a business,
Q47: The sales journal would have columns for
Q48: As computerized accounting systems get more and
Q49: Posting to the general ledger occurs:
A)As the
Q50: Select the correct statement from the following:
A)The
Q52: In the case of a manual accounting
Q53: Special journals are:
A)Utilized for infrequent special journal
Q54: Subsidiary ledgers:
A)Would not contain the detailed information
Q55: Closing entries:
A)Close all of the general ledger
Q56: When special journals are utilized:
A)A general journal
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