_ What is the advantage of a computer-based transaction processing system$?

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

Does not require as stringent a set of internal controls

TuteeHUB · Answer

Will produce a more accurate set of financial statements

TuteeHUB · Answer

Eliminates the need to reconcile control accounts and subsidiary ledgers

TuteeHUB · Answer

Will be more efficient at producing financial statements

1.	_ 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
Answer» E.

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