1.) A company will usually replace a manual accounting information system with a

Question

1.) A company will usually replace a manual accounting information system with an electronic system as the operations increase in____________ A.) Productivity B.) Complexity C.) Simplicity D.) Efficiency 2.) A company would not likely use subsidiary ledgers for________ A.) Equipment B.) Accounts receivable C.) Owner's capital D.) Inventory 3.) If the month-end bank statement shows a balance of 36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in the bank account at month end is_________ A.) $29,400 B.) $30,000 C.) $30,600 D.) 41,400

Explanation / Answer

1) B 2) C 3) A

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