In Regards to a Company Using a Computerized Accounting System,which

question 162

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 Owner, Capital account balance is up-to-date.

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Definitions:

Genes

The biochemical units of heredity that make up the chromosomes; a segment of DNA capable of synthesizing a protein.

Evolutionary Perspective

An approach in psychology that emphasizes the role of natural selection and adaptation in the development of behavior and mental processes.

Cognitive Perspective

A psychological approach that focuses on how people perceive, think about, and mentally organize information about the world around them.

Encode

A process of converting data into a format that can be stored, processed, or transmitted.