Multiple Choice
The use of computers in recording business events
A) has made the recording process more efficient.
B) does not use the same principles as manual accounting systems.
C) has greatly impacted the identification stage of the accounting process.
D) is economical only for large businesses.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: An income statement<br>A) summarizes the changes in
Q42: Collection of a $1,000 Accounts Receivable<br>A) increases
Q47: Accountants rely on a fundamental business concept-ethical
Q86: The economic entity assumption requires that the
Q92: The common characteristic possessed by all assets
Q129: Internal transactions do not affect the basic
Q210: The hiring of a new company president
Q216: Even though a partnership is not a
Q250: If the transaction causes an asset account
Q251: If total assets equal $345,000 and total