Month-End Postings to Control Accounts in a Computerized Accounting System

question 126

Multiple Choice

Month-end postings to control accounts in a computerized accounting system are not required because

• A) control accounts are not used in computerized systems
• B) transactions are posted to accounts immediately
• C) the input operator can choose to post to accounts at any time
• D) transactions are posted at the end of the financial year

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