Which of the Following Statements Relating to an Accounting System

question 31

Multiple Choice

Which of the following statements relating to an accounting system is incorrect?

• A) Only large businesses require an electronic accounting system.
• B) An accounting system transforms economic transactions into information that is useful for decision making.
• C) An accounting system is used for the efficient and reliable processing of an entity's financial data.
• D) An accounting system makes the processing of repetitive transactions more efficient.

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Definitions:

Heterosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.

Masturbation

Sexual self-stimulation.

Teenage Pregnancy

A term used to describe pregnancies occurring in individuals who are in their teenage years, typically defined as ages 13 to 19.