Which of the Following Is a Benefit of Using a Computerized

question 10

Multiple Choice

Which of the following is a benefit of using a computerized accounting information system?

• A)It can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
• B)The accountant, who inputs data, is not required to review the financial statements for accuracy.
• C)The accountant, who inputs data, need not set the correct time period.
• D)It automatically transfers the amounts from the general ledger to the financial statements.

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Definitions:

Annelids

A phylum of invertebrate worms known for their segmented bodies, such as earthworms and leeches.

Specialized

Adapted or suited for a specific purpose or function.

Nauplius Larva

A nauplius larva is the first larval stage of many crustaceans, characterized by its simple structure and three pairs of appendages.

Crustaceans

Members of a subphylum that includes lobsters, crabs, shrimp, barnacles, and their relatives.