Answer the following statements true (T) or false (F)
1. Because of the risk of fraud, electronic invoices and electronic receiving reports are seldom used in accounting information systems.
2. In an accounting information system, outputs are the reports used for decision making, which include the financial statements.
3. In a manual accounting information system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.
4. The main computer where data are stored, which can be accessed from many different computers, is known as software.
5. A computerized system uses software to process transactions. Thus employees are no longer required to manually journalize and post transactions to the accounts.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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