The Use of Computers in Processing Accounting Data

question 27

Multiple Choice

The use of computers in processing accounting data

• A) eliminates the need for accountants.
• B) eliminates the double entry system as a basis for analyzing transactions.
• C) eliminates the need for financial reporting standards such as those promulgated by the FASB.
• D) may result in the elimination of document trails used to verify accounting records.

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Definitions:

Depth Perception

The ability to perceive the world in three dimensions (3D) and to judge the distance of objects.

Nasolacrimal Duct

The duct that allows tears to drain from the eye into the nasal cavity, playing a key role in tear drainage and nasal moisture.

Lacrimal Puncta

Small openings in the inner corners of the eyelids, serving as the entrance to the nasolacrimal ducts for tear drainage.

Tears

The liquid produced by lacrimal glands to lubricate the eyes, containing water, electrolytes, proteins, and lipids.