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Accounting Information Technology questions: a.How erroneous journal vouchers may lead to litigation and significant financial losses for a firm. b.Explain why there is a need

Accounting Information Technology questions:

a.How erroneous journal vouchers may lead to litigation and significant financial losses for a firm.

b.Explain why there is a need of audit trail to follow a transaction from its inputs, processing and to the financial statements or vice versa.

c. How do XBRL impact the general ledger and reporting system?

d. Describe the advantages of responsibility accounting for the managers of a firm.

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