Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) Most computerized accounting systems use principles from manual systems.
• B) Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions.
• C) Even small companies use computerized accounting systems.
• D) Large companies often integrate their accounting system with their automated business systems.

---

Definitions:

Owner's Capital

The total equity or net worth owned by the proprietor of a company, reflecting the amount invested plus any retained earnings.