1. Which of the following is not an advantage of computerized accounting system?a. Data is entered only once in computerized accounting systemsb. Computerized accounting systems provide up-to-date informationc. Computerized accounting systems eliminate entering of transaction informationd. Computerized accounting systems eliminate many errors resulting from humanintervention2. Which of the following is incorrect regarding subsidiary ledger?a. The accounts receivable ledger is a common subsidiary ledgerb. An advantage of the subsidiary ledger is that it permits a division of labor inpostingc. The purchases ledger is a common subsidiary ledger for creditor accountsd. A subsidiary ledger is a group of accounts with common characteristics3. At the beginning of the month, the accounts receivable subsidiary ledger showedbalances for Orange $5,000 and Mango $8,000. During the month, credit sales weremade to Orange $6,000, Mango $4,500, and Apple $6,500. Cash was collected onaccount from Mango $8,000 and Apple $3,000. At the end of the month, the accountsreceivable control account in the general ledger should show an ending balance of...a. $14,500b. $15,500c. $19,000d. $21,000

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1. Which of the following is not an advantage of computerized accounting system? Data is entered only once in computerized accounting systems b. Computerized accounting systems provide up-to-date information c. Computerized accounting systems eliminate entering of transaction information d. Computerized accounting systems eliminate many errors resulting from human intervention

1. Which of the following is not an advantage of computerized accounting system? Data is entered only once in computerized accounting systems b. Computerized accounting systems provide up-to-date information c. Computerized accounting systems eliminate entering of transaction information d. Computerized accounting systems eliminate many errors resulting from human intervention

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 6MC: Which of the following is false about accounting information systems? A. They provide reports that...

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