Technology:
A)Has replaced accounting.
B)Has not improved the clerical accuracy of accounting.
C)Reduces the time,effort and cost of recordkeeping.
D)In accounting has replaced the need for decision makers.
E)In accounting is only available to large corporations.

Question

Quizplus · Accepted Answer

Technology has significantly reduced the time, effort, and cost of record-keeping in accounting through the use of accounting software, electronic banking, and online bookkeeping services. However, technology has not replaced the need for decision-makers in accounting. It has instead provided decision-makers with fast and accurate information to aid in making informed decisions. Additionally, technology is not only available to large corporations but also to small and medium-sized businesses.