In a Typical Computerized Accounting Information System,________

question 8

Multiple Choice

In a typical computerized accounting information system,________.

• A) transactions must be recorded in debit and credit format
• B) the software automatically knows to record a debit or a credit
• C) transactions are posted manually
• D) spreadsheets must be used to produce financial statements

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Definitions:

Value Judgements

Assessments or opinions formed about the worth, importance, or utility of something, often based on personal or cultural standards.

Narcotics

Drugs that relieve pain and often induce sleep, which can be used medically for pain relief but have a high potential for addiction and abuse.

Ethical Principle

Fundamental guidelines that influence decision-making and conduct, particularly in professional and personal contexts.

Accountability

The obligation to report, explain, or justify actions; the responsibility for one's actions and their consequences.