In automated accounting:
A)Paper vouchers are still required before the posting process is started.
B)Transaction information may be held in a special module awaiting posting.
C)General ledger accounts are updated as transactions are recorded in special journals.
D)Authorization is required for each specific transaction.

Question

Quizplus · Accepted Answer

Automated accounting systems often include a module where transaction information is entered but held until it is ready to be posted. This allows for validation and verification before the transactions are recorded in the general ledger. Paper vouchers are not always required in automated accounting and authorization may be granted through user access privileges. Updating of general ledger accounts occurs as transactions are posted, not necessarily as they are recorded in special journals.

In Automated Accounting