Since a Computerized System Uses Software to Process Transactions,employees Are

question 55

True/False

Since a computerized system uses software to process transactions,employees are no longer required to manually journalize and post transactions to the accounts.

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Definitions:

Mutually Beneficial

A scenario where all parties involved gain advantages or benefits from an arrangement or transaction.

Flexible Budget

A budget that adjusts or scales according to variations in actual activity levels or output, providing a more realistic comparison of costs and revenues.

Allocation Of Resources

The process of distributing available resources, such as time, money, and materials, among various projects or departments within an organization.

Levels Of Activity

are the various stages or degrees of intensity at which a process or operation is carried out in an organization or system.