. The importance of AI and Machine Learning will help Accounting jobs and firms improve on: A. increase in productivity, decrease accuracy, and reduce cost. B. increase in productivity, increase accuracy, and reduce cost. C. decrease in productivity, increase accuracy, and reduce cost. D. decrease in productivity, decrease accuracy, and increase cost. 2. Why is blockchain important in accounting? It increases the value of assets over time. It reduces liquidity risk. It improves efficiency and provides ownership of assets. It increases sales revenue and profits. 3. In the expenditure cycle, what is the credit when issuing a purchase order?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. The importance of AI and Machine Learning will help Accounting jobs and firms
improve on:

A. increase in productivity, decrease accuracy, and reduce cost.
B. increase in productivity, increase accuracy, and reduce cost.
C. decrease in productivity, increase accuracy, and reduce cost.
D. decrease in productivity, decrease accuracy, and increase cost.

2. Why is blockchain important in accounting?

It increases the value of assets over time.
It reduces liquidity risk.
It improves efficiency and provides ownership of assets.
It increases sales revenue and profits.

3. In the expenditure cycle, what is the credit when issuing a purchase order?

Accounts Payable
No entry
Inventory
Cash

 

4. In the ________ stage of an operational audit, the auditor measures the actual system against an ideal
standard.

internal control
evidence collection
evidence evaluation
testing

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