Examlex
The discovery and correction of errors is important in a computerized system. What kinds of errors might occur in these systems? What type
(s) of errors will be prevented in a computerized system?
1. Failing to record transactions.
2. Recording a transaction more than once.
3. Recording a transaction in incorrect accounts.
4. Entering an incorrect number in both the debit and credit parts of the transaction.With a computerized system, you cannot process a transaction unless debits equal credits. Additionally, you cannot post to the wrong account, as posting occurs automatically.
192. Identify the three main advantages of a computerized accounting system over a manual accounting system.
Content Control
Tools or features in word processors and other applications that allow users to manage and manipulate sections of content such as text, images, and other embedded elements.
Shape's Border
The outlining boundary of a shape in graphic design or document formatting, which can be customized in color, style, and thickness.
Weight Setting
A configuration option in digital or physical devices that adjusts or specifies the weight, thickness, or importance of an element or item.
Format
The arrangement, structure, or layout of data and documents, including the appearance of text, numbers, and other elements.
Q8: Eastwood Publishing reports the following segment
Q31: President's salaries, depreciation of office furniture, and
Q97: A contract to provide tutoring services beginning
Q98: Based on the following information compute
Q111: When a large number of individual accounts
Q114: Which of the accounts below would most
Q114: When preparing the statement of owner's equity,
Q170: Prepaid insurance is reported on the balance
Q176: Sales is equal to the cost of
Q180: Prohibited under International Financial Reporting Standards <br>(IFRS)<br>A)FIFO<br>B)LIFO<br>C)Weighted