1. Which of the following statements is false? a.Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions. b.Even small companies use computerized accounting systems. c.Large companies often integrate their accounting system with their automated business systems. d.Most computerized accounting systems use principles from manual systems.
1. Which of the following statements is false? a.Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions. b.Even small companies use computerized accounting systems. c.Large companies often integrate their accounting system with their automated business systems. d.Most computerized accounting systems use principles from manual systems.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Which of the following statements is false?
a.Subsidiary ledgers and special journals are only useful when a business doesn't have a large number of similar transactions.
b.Even small companies use computerized accounting systems.
c.Large companies often integrate their accounting system with their automated business systems.
d.Most computerized accounting systems use principles from manual systems.
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