Which of the following is true of a typical computerized accounting information system?
A)The transactions are recorded in debit and credit format.
B)By creating the invoice, the software knows automatically to record a debit or a credit.
C)The business has to manually post the transaction.
D)It cannot create financial statements.

Question

Quizplus · Accepted Answer

In a typical computerized accounting information system, when an invoice is created, the software automatically knows whether to record a debit or a credit. The transactions are not manually posted in debit and credit format as in manual accounting systems. Also, computerized accounting systems can create financial statements. Therefore, options A, C, and D are incorrect.

Which of the Following Is True of a Typical Computerized