Examlex
Which of the following is not a characteristic associated with converting from a manual to an IT system?
Cash Accounts
Cash accounts are financial accounts that keep track of cash transactions within an organization, including receipts, disbursements, and balances.
Adjusting Entry
An accounting entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.
Reversing Entry
An entry, made at the beginning of the next accounting period that is the exact opposite of the adjusting entry made in the previous period.
Disposes
Acts of transferring ownership or getting rid of assets, including selling, discarding, or recycling them.
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