Which Step Is Not Performed Automatically in a Computerised Accounting

question 20

Multiple Choice

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

• A) The initial inputting of transactions
• B) Posting to the ledger
• C) Preparing a trial balance
• D) Recording closing entries

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Definitions:

Irrational Behavior

Actions or decisions that do not align with logical or expected outcomes, often contrasting with rational choice theory.

Traditional Economic Theory

A broad term for theories that formed the basis of economic thought, focusing on factors like supply, demand, market equilibrium, and the role of government.

Indifference Curve

Curve representing all combinations of market baskets that provide a consumer with the same level of satisfaction.

Price Increase

A rise in the cost of goods or services in the market.