Month-End Postings to Control Accounts in a Computerized Accounting System

question 126

Multiple Choice

Month-end postings to control accounts in a computerized accounting system are not required because

• A) control accounts are not used in computerized systems
• B) transactions are posted to accounts immediately
• C) the input operator can choose to post to accounts at any time
• D) transactions are posted at the end of the financial year

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Definitions:

Race Matters

The importance and impact of racial identity and ethnicity on individuals' social experiences, opportunities, and interactions within society.

Group Membership

Belonging or being a part of a particular group, organization, or category of people.

Unfair Treatment

Acts of discrimination or injustice towards individuals or groups, often based on bias, prejudice, or favoritism.

Discrimination

Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or sexual orientation.