Errors in a computer-based accounting system can be eliminated by the use of (a) An audit trail

Question:

Errors in a computer-based accounting system can be eliminated by the use of

(a) An audit trail

(b) Passwords used by nominated staff

(c) Software that checks that all entries balance

(d) None of the above

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780273658597

3rd Edition

Authors: Anne Britton, Christopher Waterston

See More Books

Question Posted: Jun 11, 2024 01:03 AM

See More Questions

The _____ sector refers to the production and consumption activities of government while the _____ sector refers to private producers acting in markets. a public; private b private; public c private;...
The income effect: describes the ability to purchase more leisure as income increases has a negative impact on the decision to work encourages the individual to work fewer hours all of the above none...
A contracting (demand for product decreasing) supplier market will: Increase the competition for business Decrease prices for the product Put financial pressure on suppliers that have borrow funds to...
Describe a procedure for solving a first-degree inequality.
Describe the general procedure for conducting a t test.
A metal circular ring has a circular cross section of radius r. If R is the radius of the ring (measured to the middle of the cross section), the volume V of metal in the ring varies directly as R...
3 Interracial communication competence contributes to successful interracial interactions. Expand and explain this statement. Give examples of ways in which a persons interracial communication...
The case mentions a potential legal issue many companies have in doing business with Chinese companiesthe potential for loss of trade secrets and intellectual property rights. What other essential...
On January 1, 2018, Morey, Inc., exchanged $182,250 for 25 percent of Amsterdam Corporation. Morey appropriately applied the equity method to this investment. At January 1, the book values of...
The main advantage of keeping one set of data off-site at all times is (a) To minimise deliberate error and fraud (b) To ensure one set of data survives in case of a major disaster on-site (c) To...
Customised application software is (a) Software to record our customers details and accounting transactions (b) Software that can be applied to any computer (c) Software developed to suit a...
Selected financial information of Banji Company for the year ended December 31, 2016, follows. Cash from investing activities . . . . . . . . . . . . $1,600 Net increase in cash . . . . . . . . . . ....
The air in an automobile tire with a volume of $0.015 \mathrm{~m}^{3}$ is at $30^{\circ} \mathrm{C}$ and $140 \mathrm{kPa}$ (gage). Determine the amount of air that must be added to raise the...
Convex Productions has just received a contract to film a commercial video that will air during a major sporting event in North America, and then be available on-demand through banner advertisements...
The following data (and annotations) for March 2016 are for the work in process account of the first of Olympus Companys four departments used in manufacturing its nly product. Assuming that Olympus...
If relative volatility can be assumed constant over the change in concentration for each fraction, Eq. $(9-13)$ can be adapted to the collection of fractions from a simple binary batch...
(a) Design a PI controller for Problem 8.6-4(b). (b) Design a PD controller for Problem 8.6-4(c). (c) Use the results of parts (a) and (b) to repeat Problem 8.6-4(d). Problem 8.6-4(b) (c) (d) (b)...
What are three specific ways in which computer-aided design (CAD) benefits the design engineer?
What types of inventory issues Starbucks might reflect upon at the end of each year? The mission of Starbucks is to inspire and nurture the human spiritone person, one cup, and one neighborhood at a...
1. Determine the value of the right to use asset and lease liability at commencement of the lease.
Problem 22-1 The management of Sunland Instrument Company had concluded, with the concurrence of its independent auditors, that results of operations would be more fairly presented if Sunland changed...
Question 4. - Week 9. What are the major competitive issues General Electric faces when managing cooperative strategies? - (7 marks)

Errors in a computer-based accounting system can be eliminated by the use of (a) An audit trail

Question:

Step by Step Answer:

Financial Accounting

Students also viewed these Business questions