So far, computer systems cannot yet ________. A. receive data and instructions from input devices such as a scanner. B. decide how to record a business transaction. C. communicate with other computers electronically. D. recognize that you made a mistake entering $100 when you meant to enter $101.

Question

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Answer 1

Textbook Question

Chapter 7, Problem 1MC

So far, computer systems cannot yet ________.

A. receive data and instructions from input devices such as a scanner.

B. decide how to record a business transaction.

C. communicate with other computers electronically.

D. recognize that you made a mistake entering $100 when you meant to enter $101.

Expert Solution & Answer

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

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Can you help me solve this general accounting question using valid accounting techniques?

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Answer 2

Textbook Question

Chapter 7, Problem 1MC

So far, computer systems cannot yet ________.

A. receive data and instructions from input devices such as a scanner.

B. decide how to record a business transaction.

C. communicate with other computers electronically.

D. recognize that you made a mistake entering $100 when you meant to enter $101.

Expert Solution & Answer

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

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Answer 3

Textbook Question

Chapter 7, Problem 1MC

So far, computer systems cannot yet ________.

A. receive data and instructions from input devices such as a scanner.

B. decide how to record a business transaction.

C. communicate with other computers electronically.

D. recognize that you made a mistake entering $100 when you meant to enter $101.

Expert Solution & Answer

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 7, Problem 1MC

So far, computer systems cannot yet ________.

A. receive data and instructions from input devices such as a scanner.

B. decide how to record a business transaction.

C. communicate with other computers electronically.

D. recognize that you made a mistake entering $100 when you meant to enter $101.

Expert Solution & Answer

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

Answer 8

Expert Solution & Answer

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

Introduction: Accounting is an art of classifying, recording, summarizing, and interpreting the financial transactions which are incurred in a business organization. The first step in accounting is analyzing business transactions and its recording and the second step is posting the entries in ledger.

To Choose: The correct option from the given options.

Answer 12

Answer to Problem 1MC

D. Recognize that you made a mistake in entering $100 when you meant to enter $101.

Answer 13

Explanation of Solution

Explanation for correct answer: The computer system is a machine, and it records whatever is entered in it by the human beings. Therefore, the computer system cannot recognize the input errors that you made a mistake in entering $100 when you meant to enter $101. Hence, it is the correct option.

Explanation for incorrect answers:

The computer system can receive data and instructions from the input devices such as scanner. Therefore, it is an incorrect option.
The software in computer system can decide the recording of transaction by editing some setting by the human being. Therefore, it is an incorrect option.
The computer system can communicate with other computer system electronically. Therefore, it is an incorrect option.

Answer 14

Ch. 7 - So far, computer systems cannot yet ________. A....Ch. 7 - Any device used to provide the results of...Ch. 7 - Source documents ________. A. are input devices B....Ch. 7 - All of the following can provide source data...Ch. 7 - A document that asks you to return an identifying...Ch. 7 - Which of the following is false about accounting...Ch. 7 - An unhappy customer just returned $50 of the items...Ch. 7 - A customer just charged $150 of merchandise on the...Ch. 7 - A customer just charged $150 of merchandise using...Ch. 7 - The company just took a physical count of...

So far, computer systems cannot yet ________. A. receive data and instructions from input devices such as a scanner. B. decide how to record a business transaction. C. communicate with other computers electronically. D. recognize that you made a mistake entering $100 when you meant to enter $101.

Answer to Problem 1MC

Explanation of Solution

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