MCQOPTIONS
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| 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. | |