In Regards to a Company Using a Computerized Accounting System

question 187

Multiple Choice

In regards to a company using a computerized accounting system, which of the following statements is incorrect?

• A) Closing entries are completed in a matter of seconds.
• B) The accountant must manually prepare the closing entries.
• C) The software identifies the temporary accounts.
• D) The Retained Earnings balance is up-to-date.

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