The Use of Computers in Processing Accounting Data

question 27

Multiple Choice

The use of computers in processing accounting data

• A) eliminates the need for accountants.
• B) eliminates the double entry system as a basis for analyzing transactions.
• C) eliminates the need for financial reporting standards such as those promulgated by the FASB.
• D) may result in the elimination of document trails used to verify accounting records.

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Definitions:

Brittle

Refers to a physical property of materials that break easily without significant deformation.

Cranium

The skull; the eight bones of the head enclosing the brain; generally applied to the 28 bones of the head and face.

Cranial Bones

The bones that form the skull, protecting the brain and supporting the structures of the face.

Frequently Used Test

A test or examination that is administered regularly due to its proven utility in evaluating a specific trait or condition.