Which of the following is an advantage of a system that permits out-of-balance entries?
A) Accountants can circumvent security policies.
B) Accountants can correct mistakes more easily.
C) Accountants can debit various accounts one day and complete the offsetting credits the next day.
D) Accountants can close the books in a timely manner.

Question

Quizplus · Accepted Answer

Allowing out-of-balance entries enables accountants to debit various accounts one day and complete the offsetting credits the next day. This offers flexibility in the accounting process, allowing for the correction errors and completing transactions that may be spread out over multiple days. However, it could also create confusion and require additional monitoring to ensure that the system remains accurate. Options A, B, and D are not valid advantages of a system that permits out-of-balance entries.

Which of the Following Is an Advantage of a System