Explain Whether Each of the Following Would Usually Be Used

question 91

Essay

Explain whether each of the following would usually be used in a computerized accounting system and why.
1. Special journals
2. Accounts receivable control accounts
3. Electronic invoice form
4. Month-end postings to the general ledger

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Definitions:

Social Media Account

An individual's or organization's profile on social media platforms used for sharing content, networking, and communication.

Ransomware

Malware that encrypts a victim's files, with the attacker then demanding a ransom from the victim to restore access to the data upon payment.

FBI

The Federal Bureau of Investigation, a federal law enforcement agency of the United States that focuses on intelligence-driven and threat-focused national security, criminal, and cyber investigations.

Payment Information

Details that enable the processing of transactions, such as account numbers, billing address, and security codes.