Explain which of the following would usually be used in a computerized accounting system and why. 1. Special journals 2. Accounts receivable control accounts 3. Electronic invoice form 4. Month-end postings to the general ledger
Special journals and accounts receivable control accounts are generally not used in computerized systems. Instead, electronic forms like electronic invoice forms are used to record original transactions. Since the computer automatically posts transactions from electronic forms to the general ledger and individual accounts at the time the transactions are recorded, month-end postings are not necessary in a computerized system.
You might also like to view...
Explain the Leontief Paradox.
What will be an ideal response?
When we add to the social stereotypes and standards that once regulated our interactions and begin working out our own rule, we have reached which friendship stage?
A. waning friendship B. moving toward friendship C. nascent friendship D. role-limited interaction
What is one of the most important personality traits of being an effective interviewer?
a. Introversion b. Strict c. Outgoing d. Formal
With the increased availability of more complex service desk technology, service desks have decreased their reliance on e-mail to communicate internally. According to the Help Desk Institute, less than 40% of services desks use e-mail to communicate internally.
Answer the following statement true (T) or false (F)