Multiple Choice
Which of the following is true of a typical computerized accounting information system?
A) The transactions are recorded in debit and credit format.
B) By creating the invoice, the software knows automatically to record a debit or a credit.
C) The business has to manually post the transaction.
D) It cannot create financial statements.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: A special journal is _.<br>A)an accounting journal
Q28: Which of the following is an example
Q58: Which of the following is not included
Q59: On April 1, a hardware manufacturing firm
Q60: Which of the following is true of
Q61: Centi Corporation sold goods to John for
Q64: Mercury Corporation receives a landscaping bill on
Q66: If a business uses the periodic inventory
Q67: While posting the entries from a sales
Q68: Which of the following is a column