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

Correct Answer: Will be more efficient at producing financial statements

A computer-based transaction processing system will be more efficient at producing financial statements.
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#Computer Fundamentals #Tally

Related Questions

On-line transaction processing is used when ______________. I) it is required to answer random queries. II) it is required to ensure correct processing. III) all files are available on-line. IV) all files are stored using hard disk.
A i, ii
B i, iii
C ii, iii, iv
D i, jj ,iii
Which of the following is not an advantage of decentralized processing over centralized processing?
A reduced data communication costs
B improved system reliability
C increased employee productivity
D increased computer system control
E All of the above are advantages
In the Financial Decision-Making System which of the following is not a transaction processing system input:
A cash receipts
B cash returns
C cash issues
D warehouse requisition slip
E None of the above
In the Financial Decision-Making System which of the following is not a transaction processing system input _____________.
A Cash receipts
B Cash returns
C Cash issues
D Warehouse requisition slip
Which of the following is characteristic of a transaction processing system?
A provides summary information
B fairly easy to computerize
C used by upper management
D difficult to computerize
E None of the above
Which of the following occurs when a transaction rereads data it has previously read and finds modification or deletions caused by a committed transaction?
A Nonrepeatable read
B Phantom read
C Dirty read
D Consistent read
Which of the following occurs when a transaction rereads data and finds new rows that were inserted by a command transaction since the prior read?
A Nonrepeatable read
B Phantom read
C Dirty read
D Consistent read
A phantom read occurs when a transaction rereads data it has previously read and finds modifications or deletions caused by a committed transaction.
A True
B False
While larger banks can afford to maintain their own data-processing operations, many smaller regional and community banks are finding that the 'cost assoc iated with' upgrading data processing equipment and with the development and maintenance of new products and technical staff are prohibitive.
A cost associated with
B costs asso ciated with
C costs arising from
D cost of
Visual processing in the cortex involves information processing regarding
A The shape of the object
B Color of the object
C Movement
D location and spatial organization of the object
E Weight of the object
F Age

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