When Transactions Are Posted in a Computerized Accounting System

question 17

Multiple Choice

When transactions are posted in a computerized accounting system:

• A)The user must post all transactions awaiting in the module.
• B)Segregation of duties is not a factor.
• C)The user can select which batches of transactions to post.
• D)Anyone with general ledger access can post the transactions.

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Definitions:

Contracts

Legal agreements between two or more parties that are enforceable by law.

Performance-based Contracts

Agreements where the compensation or continuation is contingent upon meeting predefined performance criteria or outcomes.

Nonprofit

An organization dedicated to furthering a particular social cause or advocating for a shared point of view, without the aim of generating profit for its owners or organizers.

Power

The ability or capacity to direct or influence the behavior of others or the course of events.