Computerized accounting systems
A) is a tedious form of recordkeeping process.
B) improve the timeliness of reporting.
C) prevent all journalizing errors.
D) are only used in medium and large businesses.

Question

Quizplus · Accepted Answer

Computerized accounting systems improve the timeliness of reporting as they can generate real-time financial statements and reports. They may also reduce the possibility of certain types of errors, like arithmetic errors. However, they are not foolproof and still require proper input and review. Additionally, computerized accounting systems can be used by businesses of all sizes, not just medium and large ones. A is incorrect because while some people may find recordkeeping tedious, computerized systems are designed to streamline that process. C is incorrect because computerized systems may still have errors, such as if incorrect data is inputted. D is also incorrect for the reasons mentioned above.

Computerized Accounting Systems