Which of the Following Is True of the Comparison Between

question 80

Multiple Choice

Which of the following is true of the comparison between a manual and a computerized accounting information system?

• A)In both manual and computerized systems,reports and financial statements must be created using Word documents,Excel spreadsheets,or PowerPoint.
• B)In a computerized system,the software can generate financial reports instantaneously that can never be manipulated.
• C)In a manual system,data are contained in paper documents,which are often stored in filing cabinets and off-site document warehouses;whereas in a computerized system,data are stored on a main computer called a server.
• D)In both manual and computerized systems,processing data includes manually journalizing transactions and posting to the accounts.

---

Definitions:

Negotiable

Referring to the ability of the terms of an agreement, document, or financial instrument to be adjusted or transferred in accordance with all parties' consent.

Certificates of Deposit

Financial instruments issued by banks that offer a fixed interest rate in exchange for keeping deposited funds untouched for a predetermined period.

Nonnegotiable

Pertaining to a term, condition, or instrument that cannot be altered or bargained upon, often legally or contractually fixed.

Accelerated Payment

A payment method that allows for early settlement of a debt, often reducing the amount of interest.