Economics · Computerized Accounting System
What is a key advantage of a computerized accounting system over a manual accounting system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It requires significantly more time to prepare financial reports.
- 2It can instantaneously generate multiple varied reports and statements from a single data entry source.✓
- 3It is restricted to generating only one type of report at a time.
- 4It is highly inefficient at handling large volumes of transactions.
Correct answer
It can instantaneously generate multiple varied reports and statements from a single data entry source.
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