A computerized accounting system will not allow which of the following types of journalizing errors?
A) entering an amount in an incorrect account
B) reversing the debit and credit accounts in a transaction
C) processing a transaction that has unequal debits and credits
D) entering a transaction with an incorrect date

Question

Quizplus · Accepted Answer

A computerized accounting system will automatically flag and prevent any transaction that does not have equal debits and credits, as this is a fundamental accounting principle known as the accounting equation. However, the system may still allow errors such as entering an amount in the wrong account or using the wrong date. Reversing the debit and credit accounts in a transaction is also possible, but the system will still record both accounts and maintain the equality of debits and credits. Therefore, option C is the only type of error that a computerized accounting system will not allow.

A Computerized Accounting System Will Not Allow Which of the Following