Which of the Following Statements Is Not True

question 1

Multiple Choice

Which of the following statements is not true?

• A)Accounting information systems must maintain both detail and summary information.
• B)Business processes may vary from company to company.
• C)Regardless of the extent of computerization, all accounting information systems must capture data from the transactions within business processes.
• D)Business processes categorized as expenditure processes are not intended to be processes that serve customers.

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Definitions:

Industrial Accidents

Unplanned events that occur in the industrial sector causing injury to employees or damage to properties.

Social Security Program

A government program that provides financial benefits to retirees, disabled workers, and survivors of deceased workers.

Payroll Taxes

Taxes imposed on employers and employees, usually calculated as a percentage of the salaries that employers pay their staff.

Cash Assistance

Financial aid provided in the form of liquid funds to individuals or families in need, often by governmental or charitable organizations.