Which Step Is Not Performed Automatically in a Computerised Accounting

question 27

Multiple Choice

Which step is not performed automatically in a computerised accounting system?

• A) The initial recording of transactions
• B) Posting to the general ledger
• C) Preparing a trial balance
• D) Journalising reversing entries

Differentiate between various legal entity types and understand their implications on accounting and tax reporting within QBO.

Know how to access and utilize QBO support features, including the Help & Support options and the Chart of Accounts viewing.

Identify the advantages of using cloud-based accounting software like QBO for real-time data access and management.

Understand the concept of bounded rationality and its implications on decision-making.

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Definitions:

Child-Centered

An approach to education and caregiving that emphasizes the importance of considering the interests, abilities, and learning styles of children, allowing them to take an active role in their learning and development.

Social Development

The process of learning the values, customs, and social behaviors of a community to interact effectively within society.

Abstract Activities

Tasks or processes that primarily involve mental operations and the manipulation of concepts without physical objects.

Teacher-Centered

An educational approach that emphasizes the role of the teacher as the primary source of knowledge and structure in the classroom.