Which of the Following Task Is Not Performed by Generalized

question 46

Multiple Choice

Which of the following task is not performed by generalized audit software?

• A) Footing a file.
• B) Obtaining file statistics.
• C) Checking for gaps in processing sequences.
• D) Preparing custom reports.
• E) All of the above tasks can be performed using GAS.

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Definitions:

Cash Payback Period

The time duration required to recover the initial investment cost through the cash flows generated by the investment.

Annual Net Cash Flows

The total amount of money that flows in and out of a business in one year, after all expenses have been paid.

Capital Investment Analysis

The process of evaluating investment opportunities and their potential returns, often to decide on the allocation of capital resources.

Present Value of Annuity

The current worth of a stream of equal payments made at regular intervals, discounted at a specific interest rate.