The discovery and correction of errors is important in a computerized system. What kinds of errors might occur in these systems? What type
(s) of errors will be prevented in a computerized system?
1. Failing to record transactions.
2. Recording a transaction more than once.
3. Recording a transaction in incorrect accounts.
4. Entering an incorrect number in both the debit and credit parts of the transaction.With a computerized system, you cannot process a transaction unless debits equal credits. Additionally, you cannot post to the wrong account, as posting occurs automatically.
192. Identify the three main advantages of a computerized accounting system over a manual accounting system.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q176: Two transactions were posted to the following
Q177: Explain what subsidiary ledgers are and give
Q178: List the four most common special journals
Q179: If a two-column
(all-purpose) general journal, a
Q180: Discuss the process of posting from a
Q182: Read each transaction and identify the journal
Q183: Describe and discuss e-commerce.
Q184: Voyager Electronic Services has three customers
Q185: Eastwood Publishing reports the following segment
Q186: Read each transaction and identify the appropriate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents