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:

Adaptation

A series of beneficial adjustments to a particular environment.

Capacity

The ability or potential a system, person, or organization has to perform, produce, contain, or withstand something.

Prestige Economies

Economic systems where the accumulation and display of wealth is not for personal consumption but to gain status and power within a community.

Social Status

The position or rank of a person or group within the society, often determined by factors like wealth, occupation, education, family background, and power.