With a computerized accounting system, the accounting cycle has several additional steps.

Name: With a computerized accounting system, the accounting cycle has several additional steps.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A computerized accounting system streamlines and automates the steps of the accounting cycle, but it does not add additional steps. The fundamental processes remain the same, such as journalizing transactions, posting to the ledger, and preparing financial statements, but are executed more efficiently.

With a Computerized Accounting System, the Accounting Cycle Has Several