Question
Which one of the following is true in regards to the computerized accounting? a. The software cannot process the postings to the general ledger or
Which one of the following is true in regards to the computerized accounting?
a. The software cannot process the postings to the general ledger or prepare closing entries.
b. When using accounting software, accountants analyze and create the journal entries for the day-to-day transactions, but they are not to journalize the adjusting entries at the end of the period.
c. Like the manual system, a computerized system typically has special sections or special journals to enter similar types of transactions, such as sales and purchases.
d. The transactions have to be entered in chronological order since the software does not automatically order them when reports are prepared.
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