Asked by Corinna Vogel on Jun 07, 2024
Verified
In a computerized accounting system, all postings happen automatically at the end of the month.
Computerized Accounting System
An accounting information system that processes financial transactions and events as per GAAP (Generally Accepted Accounting Principles) using computer software.
- Comprehend the elementary notions and mechanisms of a computer-based accounting system.
Verified Answer
CR
Chase RuanoJun 12, 2024
Final Answer :
False
Explanation :
In a computerized accounting system, postings can be set up to occur automatically on a regular basis, but they can also be manually entered or adjusted as needed. Posting does not happen automatically at the end of the month without any intervention from the user.
Learning Objectives
- Comprehend the elementary notions and mechanisms of a computer-based accounting system.
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