Discussion :: Tally
- What is the advantage of a computer-based transaction processing system
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A.
Does not require as stringent a set of internal controls |
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B.
Will produce a more accurate set of financial statements |
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C.
Eliminates the need to reconcile control accounts and subsidiary ledgers |
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D.
Will be more efficient at producing financial statements |
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Answer : Option D
Explanation :
A computer-based transaction processing system will be more efficient at producing financial statements.
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