Generally Speaking,why Do Organizations Automate TPS Data Entry as Much

question 16

Multiple Choice

Generally speaking,why do organizations automate TPS data entry as much as possible?

• A)To reduce labor costs
• B)To be able to capture online data
• C)For competitive advantage
• D)To minimize errors and data entry time

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Definitions:

Deferral

An accounting principle that postpones the recognition of an expense or revenue to a future accounting period.

Accrual

The accounting method that recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.

Unexpired Insurance

The portion of paid insurance premiums that is applicable to future periods, representing coverage that has not yet been used or expired.

Accrued Asset

An asset that represents revenues or incomes that have been earned but not yet received in cash or recorded.