Today's automated accounting process:
A) Helps the user by identifying modules for activities.
B) Precludes the use of subsidiary ledgers.
C) Requires manual posting of general journal transactions.
D) All of the above are correct.
Correct Answer:
Verified
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
Q58: In automated accounting:
A)Paper vouchers are still required
Q59: Special journals include the:
A)Accounts receivable journal
B)Accounts payable
Q60: Transactions are recorded in the special journals
Q61: Internal users:
A)Need more frequent reports than external
Q62: When transactions are posted in a computerized
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