The Principal Function of an Accounting System's Computerized Controls Is

question 31

Multiple Choice

The principal function of an accounting system's computerized controls is:

• A)Detecting computer frauds
• B)Preventing computer frauds
• C)Encouraging programmer honesty
• D)none of the above

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Definitions:

Replenish

To fill up or restore to a previous level, often used in the context of inventory or supplies.

Internal Control

A process designed to ensure the safety and efficiency of the financial operations of a company, along with compliance with laws and accuracy in reporting.

Sales Clerks

Employees responsible for assisting customers, processing transactions, and managing products within a retail environment.

Days' Sales Uncollected

Days' Sales Uncollected is a financial metric calculating the average number of days it takes a company to collect payments after a sale has been made.