A computerized accounting system will not allow which of the following type of journalizing error?
A) Entering an amount in an incorrect account
B) Reversing the debit and credit account 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 not allow a transaction with unequal debits and credits to be processed. The system will automatically detect any such errors and prevent the transaction from being recorded. However, the other options may still be possible as they do not involve a violation of the basic accounting equation. Therefore, choices A, B and D are incorrect.

A Computerized Accounting System Will Not Allow Which of the Following