Which of the Following Statement Regarding Use of a Service

question 101

Multiple Choice

Which of the following statement regarding use of a service bureau is false?

• A) a service bureau provides information processing services
• B) a service bureau is more expensive than using an in-house computer
• C) a service bureau can provide both hardware and software for a fee
• D) a service bureau contract generally includes company involvement with the system.

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Definitions:

QuickBooks

Accounting software developed by Intuit, widely used by small and medium-sized businesses for finance management.

QuickBooks Transactions

Financial operations such as sales, purchases, and payments recorded and tracked within QuickBooks software.

Non-posting Accounts

Non-posting accounts are accounts used in an accounting system that are not directly affected or updated into the general ledger, often used for tracking purposes only.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment in time by detailing assets, liabilities, and equity.