A Computerized Accounting System Will Not Allow Which of the Following

question 107

Multiple Choice

A computerized accounting system will not allow which of the following type of journalizing error?

• A) Entering an amount in an incorrect account
• B) Reversing the debit and credit account in a transaction
• C) Processing a transaction that has unequal debits and credits.
• D) Entering a transaction with an incorrect date.

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Definitions:

Patent Infringement

Unauthorized use, sale, or production of a patented invention without the patent holder's permission.

Genetically Modified Seeds

Seeds that have been altered using genetic engineering techniques to exhibit traits such as pesticide resistance or increased nutritional value.

Service Mark

A trademark used to identify and distinguish the services (rather than products) of one provider from those of others.

Trade Name

The name under which a business operates and is known to the public, different from its legal name.