Which of the following is a feature that a chosen accounting system should have?
A) It should facilitate the development of a cash budget.
B) It should limit the production of custom reports that meet management needs.
C) It should show the financial position of the business only after elaborate processing.
D) It should have a limited context-independent help function.

Question

Quizplus · Accepted Answer

The chosen accounting system should have a feature that facilitates the development of a cash budget. This is a crucial aspect of financial planning and management for businesses. Option B is incorrect, as the system should be able to produce custom reports to meet the specific needs of management. Option C is incorrect, as the financial position of the business should be easily accessible after processing. Option D is incorrect, as the help function should be comprehensive and context-dependent.

Which of the Following Is a Feature That a Chosen