Which of the Following Is True of In-House Custom-Developed Software

question 68

Multiple Choice

Which of the following is true of in-house custom-developed software?

• A)They are less expensive than off-the-shelf software.
• B)The organization has to tailor its applications to the software.
• C)They are easy and comparatively cheap to make.
• D)Custom-developed software require no adaption even if needs change.

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Definitions:

Debit And Credit

Accounting terms representing increases or decreases in accounts, used to record transactions in the double-entry bookkeeping system.

Trial Balance

A financial statement that checks the balance of all debit and credit entries in a company's accounting ledger to ensure accuracy.

Ledger Accounts

Individual records that provide in detail the transactions associated with a company's assets, liabilities, equity, revenue, and expenses.

Trial Balance

A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, ensuring that total debits equal total credits.