Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) Most computerized accounting systems use principles from manual systems.
• B) Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions.
• C) Even small companies use computerized accounting systems.
• D) Large companies often integrate their accounting system with their automated business systems.

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Definitions:

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense.

Signature Card

A form signed by a bank customer that the bank uses to verify signature authenticity on all checks.

Forgeries

Illegal alterations or productions of documents, currency, or other items with the intent to deceive.