Q94
What is the advantage of a computer-based transaction processing system
A.
Does not require as stringent a set of internal controls
B.
Will produce a more accurate set of financial statements
C.
Eliminates the need to reconcile control accounts and subsidiary ledgers
D.
Will be more efficient at producing financial statements
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
A computer-based transaction processing system will be more efficient at producing financial statements.