Entry-level accounting software ________.
A) can handle advanced processes and transactions
B) is an affordable system that is difficult to use
C) allows businesses to enter sales of services and merchandise inventory, record expenses, and produce financial statements
D) integrates all of a company's functions, departments, and data into a single system

Question

Quizplus · Accepted Answer

Entry-level accounting software typically refers to basic software that can handle fundamental accounting tasks such as recording transactions, managing inventory, and generating basic financial statements. It may not have advanced features and functionalities, but it is usually affordable and easy to use for small businesses or individuals who are just starting with accounting software. Option A is incorrect because advanced processes and transactions require more sophisticated and complex software. Option B is incorrect because affordability is one of the advantages of entry-level accounting software. Option D is incorrect because integrating all functions and departments is not a typical feature of entry-level accounting software.

Entry-Level Accounting Software ________